Update on FerminaFermina is requesting a new loan as economic support for planting eight fields of corn. She believes it is a good alternative way to expand her farming activity, and helps her to buy supplies such as fertilizer and insecticides, and hire workers. The sowing season is about to begin and she must buy everything she needs.
She claims the previous loan allowed her to buy what she needed to work better on her pig farm, which helped the family, and allowed her children to continue their education.
Manifiesta que con el préstamo anterior le permitió comprarse lo necesario para los cerdos trabajando de una mejor manera en la granja, esto le ha ayudado a seguir con su familia y que sus hijos continúen estudiando.
Previous Loan DetailsFermina is a single mother of four children aged 17, 15, 11, and 8. She earns her living by raising pigs, a job she’s been doing for six years in order to have an income to support her family. Fermina wishes to buy more pigs and special feed so she is seeking a loan. The money is very important… More from Fermina'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
- 8 months (Additional Information)
- Repayment Schedule
- May 17, 2012
- Jun 15, 2012
- Currency Exchange Loss:
- Oct 16, 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.