Update on Hector EduardoHector decided to take out a new loan in order to repair his house. To this end, he wants to buy roofing sheets and wood, since his goal is to keep his house in good repair, especially the roof, which keeps his family properly protected from the sun and the rain. He says that the previous loan gave him the support he needed to buy agricultural supplies, ensuring a more plentiful harvest of sweetcorn. Thus the living conditions of his family were much improved by having enough to eat.
Con el préstamo anterior el manifiesta haber tenido el apoyo necesario con los insumos agrícolas y al mismo tiempo está aplicación permitió un cultivo de maíz más provechoso, obteniendo una buena cosecha, sus condiciones a la familia han mejorado ya que han contado con lo necesario para la alimentación.
Previous Loan DetailsHector lives with his wife and their three children. He is employed by a security agency and he is also an agriculturist who cultivates corn and beans. He started out his business under his own initiative, working every day and not working under a fixed schedule in attending his agricultural cust... More from Hector Eduardo'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
- 20 months (Additional Information)
- Repayment Schedule
- Jul 27, 2012
- Aug 30, 2012
- Currency Exchange Loss:
- Feb 17, 2014
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.