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Update on Erasmo

Erasmo 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.
View original language description ↓
Erasmo, esta solicitando un nuevo préstamo para seguir trabajando en la agricultura pues esta en la época de la siembra, para lo que necesita comprarse fertilizantes y semilla mejorada, con estos insumos podrá realizar de una mejor manera su cultivo.
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 Details

Erasmo 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. Era... More from Erasmo's previous loan »

Additional Information

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

  • $7,500
    Average annual income
  • 634
    View loans »
    El Salvador Loans Fundraising
  • $28,084,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $800 helped Erasmo to buy fertilizers and improved seed.
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Apr 27, 2012
May 29, 2012
Currency Exchange Loss:
Jun 28, 2012
This photo was used before for a previous loan for Erasmo. It was first posted on Kiva on May, 2011. Learn More