Update on Saul AntonioSaúl is asking for a new loan to be able to invest in corn production, since he is starting a new crop this season. He will buy fertilizer, herbicides and insecticides, which are the materials to improve the production.
With the previous loan, there was a positive effect that allowed him to improve corn production. This effect can be seen in the harvest he obtained, with which he was able to feed his family and sell another part to have some income.
Con el préstamo anterior tuvo un efecto positivo que le permitió mejorar la producción de maíz, el efecto se ha sido reflejado en la buena cosecha que recibió, de la cual logró alimentar a su familia en este tiempo y comercializar otra parte para poder tener entradas de dinero.
Previous Loan DetailsSaúl works raising livestock and growing corn. He lives in his own house with his wife and his children. He has worked in this business raising livestock and growing corn for 15 years already, and with this profession he has succeeded in supporting his family. Currently, he is starting the co... More from Saul Antonio'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
- Jul 13, 2012
- Jul 24, 2012
- Currency Exchange Loss:
- Jun 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.