Update on RicardoRicardo is requesting a new loan because he is starting a new season with his corn and pipian [squash] crops. Because of this, he needs to buy fertilizer, seeds and herbicides and also prepare the land. These funds will allow him to cover these expenses and continue doing his work.
The effect that he has experienced with his previous loan has been positive, because he made a good investment, although his harvests were a little bit poor due to the winter, but he is still motivated and hopes that this new harvest will be better. The conditions in his household have stayed the same.
El efecto que ha tenido con el préstamo anterior ha sido positivo, porque realizó una buena inversión aunque sus cosechas estuvieron un poco malas debido al invierno, pero aún así está motivado y espera esta nueva siembra sea mejor, sus condiciones en el hogar se ha mantenido.
Previous Loan DetailsRicardo is a small farmer. He lives with his wife and their children in Jiquilisco, in the department of Usulután. He is 41 years old. He has been farming for four years, since he learned this skill when he was already an adult and was working as an assistant. Ricardo wants to buy livestock and m... More from Ricardo'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
471View loans »
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- May 11, 2012
- Jun 9, 2012
- Currency Exchange Loss:
- Jul 9, 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.