Update on PaulinoPaulino works in agriculture and he is applying for a loan to prepare the last field and work the land. He wants to buy insecticides, herbicides to get rid of the weeds, and fertilizer to increase the nutrients in the field. Then he wants to take this crop to market and leave some for his family to have. He says that the previous loan was very helpful because it allowed him to gather his largest harvest, use the best fertilizer, and that way have greater economic solvency to take care of his family's needs.
Manifiesta que el crédito anterior le fue de gran utilidad porque le permitió sacar la mejor cosecha, aplicándole el mejor abono y así tambien tener mayor solvencia económica para satisfacer las necesidades del su familia.
Previous Loan DetailsPaulino lives with his wife and four children aged 18, 17, 14, and 8. He is a farmer and by planting corn and beans he has managed to support his family for years. He learned his trade from his father. He works each day from 6:00 a.m. to 2:00 p.m. He wants to use his loan to invest in fertilizer ... More from Paulino'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
- 8 months (Additional Information)
- Repayment Schedule
- Aug 9, 2012
- Sep 11, 2012
- Currency Exchange Loss:
- Mar 13, 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.