Update on Francisco EdmundoFrancisco is requesting a new loan so that he can begin planting basic grains. He will invest in compost and herbicides since they are needed to apply to his crops in order to prevent pests.
Francisco says that his previous loan was helpful since he was able to invest in the purchase of farming supplies. This enabled him to obtain a better harvest free of pests. He was able to feed his family and sell part of his harvest.
El considera que el préstamo anterior le ayudo para invertir en la compra de materiales agrícolas, obteniendo una mejor cosecha libre de plagas, esto le ayudo para el alimento familiar y para poder comercializar una parte.
Previous Loan DetailsFrancisco lives with his wife and his two children, aged 12 and 17. For the past thirty years he has grown corn and beans for a living. He also works as a health promoter in a clinic from Monday to Friday and on Saturday and Sunday he looks after the crop cultivation with his eldest son. He wi... More from Francisco Edmundo'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
469View loans »
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- May 28, 2012
- Jun 17, 2012
- Currency Exchange Loss:
- Jul 17, 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.