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Rufino

Update on Rufino

Rufino is seeking a new loan to invest in his farming business, since he is starting to plant for the new season. He grows corn and beans, for which he needs to buy compost and herbicides to prevent weeds and to fortify his crops.

He reports that with his previous loan he was able to invest in the materials he needed, which resulted in an increase in earnings and in his crop yields. Overall, conditions for his family have improved.
View original language description ↓
Rufino, está solicitando un nuevo préstamo para poderlo invertir en su trabajo, pues por la temporada está iniciando su cultivo de la siembra de maíz y frijol, para esto deberá comprarse abono, herbicidas, para aplicarlas a la tierra, para poder prevenir y fortalecer la plantación.
El manifiesta que con el préstamo anterior logro invertir en los materiales necesarios, por lo que continua en la crianza de ganado y en la producción agrícola. En su familia las condiciones del hogar han mejorado.

Previous Loan Details

Rufino is single and lives with his parents and a niece. He works growing corn and beans, but he is also employed by a renowned motorcycle company. Normally, he always farms during the winter months.

He is now beginning the farming process, which is why he is requesting a loan to buy manu... More from Rufino'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

  • $4,900
    Average annual income
  • 563
    View loans »
    El Salvador Loans Fundraising
  • $23,948,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $750 helped Rufino to buy compost and herbicides.
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 9, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
N/A
Expired:
Jul 8, 2012
This photo was used before for a previous loan for Rufino. It was first posted on Kiva on Jun, 2011. Learn More