Update on ErasmoErasmo is requesting a new loan to continue working in agriculture. As it is currently the sowing season, he needs to buy fertilizers and improved seeds. These supplies will enable him to better grow his crops.
Erasmo's previous loan had a positive effect as he obtained a good yield and was able to sell his produce. He saw two benefits: 1. he was able to feed his family, 2. he made income. These loans help Erasmo to survive alongside his nuclear family.
El efecto que tubo con el préstamo anterior fue positivo, ya que obtuvo una cosecha abundante con la que pudo realizar ventas obteniendo dos beneficios la alimentación de su familia y el ingreso económico, estos prestamos le ayudan para subsistir con su núcleo familiar.
Previous Loan DetailsErasmo lives in Osicala, in Morazán department. He grows basic grains, corn, beans and sorghum. He is 59 years old and lives with his wife and a 16 year-old grandson. Erasmo sows three 'manzanas' of land (one manzana = 1.68 acres). Every year he prepares his land for the winter season.… More from Erasmo's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About El Salvador
440View loans »
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- At end of term
- Apr 27, 2012
- May 29, 2012
- Currency Exchange Loss:
- Jun 28, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.