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Luciano

Update on Luciano

Luciano’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.
View original language description ↓
Luciano, está solicitando un nuevo préstamo, pues necesita dinero para poder iniciar cultivo de maíz y frijol, invirtiendo en el abono y en los herbicidas, que son necesarios para aplicarlos ya que le previenen las plagas, además es quiere ayudar para poder a futuro contar con una buena producción de granos básicos.

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 Details

Luciano 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 »

Additional Information

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

  • $7,500
    Average annual income
  • 774
    View loans »
    El Salvador Loans Fundraising
  • $25,574,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Luciano to buy farm supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 17, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 18, 2013
This photo was used before for a previous loan for Luciano. It was first posted on Kiva on May, 2011. Learn More