Update on BenitoBenito has decided to ask for a new loan because a new sowing season is about to start and he needs to buy manure and insecticides to use them when planting corn. These are supplies farmers use to fight pests while strengthening the crops at the same time.
His family’s life has improved thanks to his previous loan: Benito has used to harvest his crops, obtaining enough corn both to sell it and for the daily consumption of his family. In the same period they have succeeded in buying some cows increasing the number of their cattle and consequently improving the production of milk.
El efecto que tuvo con el préstamo anterior fue mejorar el aspecto familiar con la recolección de la cosecha, pues ha tenido suficiente maíz para consumo y también realizar algunas ventas, en este período han logrado comprarse algunas vacas que han aumentado su ganado y le han mejorado el ingreso de leche.
Previous Loan DetailsBenito lives with his wife and has three children. He works raising cattle and growing corn and sorghum. He started as a young man, as he learned to grow crops alongside his father when he was young. He is requesting a loan to purchase manure and pesticides to apply to his crop of corn. Thi... More from Benito'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
779View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Jun 28, 2012
- Jul 19, 2012
- Currency Exchange Loss:
- Apr 19, 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.