Update on Carlos MauricioCarlos is requesting a new loan so that he can invest in the planting season that has just started. He will invest in the purchase of farming supplies such as compost, insecticides, and pesticides that he can apply to the land as a means of prevention and to strengthen the soil so that he can have good production.
Carlos considers his previous loan to have been helpful since he obtained good results and was able to produce a bountiful harvest under good conditions. This helped to improve the living conditions for himself and his family, and also produced more income to cover his greatest needs.
El considera que el préstamo anterior le ayudó a obtener buenos resultados ya que recibió una considerable cosecha en buen estado, esto le ayudó para mejorar las condiciones de vida de él y de su familia, mejorando sus ingresos y cubriendo su mayor necesidad.
Previous Loan DetailsCarlos is a farmer who works very hard for his family. He lives with his wife; they don't have any children yet. They both have jobs and they work together to take care of their obligations at home. Carlos began this work very young with his father. Currently, he will buy fertilizer for his… More from Carlos Mauricio'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
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- May 16, 2012
- Jun 13, 2012
- Currency Exchange Loss:
- Apr 19, 2013
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.