Update on LucianoLuciano’s asking for a new loan because he needs money to start planting corn and beans. He will buy manure and herbicide that that need to be applied in order to prevent infestations. He also wants to help to attain a good harvest of basic grains in the future.
The previous loan had a positive effect in that he was able to buy supplies that led to a healthy, good harvest that generated some profits for his family.
El préstamo anterior tuvo un efecto positivo ya que logró realizar la compra de los insumos, loscuales le permitieron tener una cosecha sana de la cual logró generar algunas utilidades para su familia.
Previous Loan DetailsLuciano lives with his wife and two children, aged 8 and 6 years old, in San Rafael Oriente in the department of San Miguel. He does agricultural work, growing corn and beans, and has done so for 15 years, working from 7:00 am to 2:00 pm. He will be starting the work of planting the corn and ... More from Luciano'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
- Jun 26, 2012
- Jul 17, 2012
- Currency Exchange Loss:
- Jul 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.