Update on Benjamin MelitonBenjamín is requesting a new loan because he is beginning to harvest corn, sorghum, and beans. Also, he will prepare the land that he has decided to cultivate. He will invest in buying fertilizer, improved seed, herbicides, and also in the preparation of the land. This investment will help him have better job security.
The effect of the last loan helped him since he had good production of basic grains. At this moment, he still has stock from that production, meaning that his investment had a good result and generated profits and food for his family.
El efecto que tuvo con el préstamo anterior le ayudó pues obtuvo una buena producción de granos básicos, hasta el momento todavía tiene reservas de esa producción, significando para él un buen resultado de esta inversión, esto le generó ganancias a su familia y la alimentación.
Previous Loan DetailsBenjamin is a farmer who lives with his wife and daughter. His crops include corn, sorghum, beans, and tobacco. Benjamin has been growing these crops for many years. He learned to farm as a young man by working alongside his father.
The loan he is requesting will be used to rent five… More from Benjamin Meliton'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 12, 2012
- Currency Exchange Loss:
- May 18, 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.