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Marvin Gabriel

Update on Marvin Gabriel

Marvín needs refinancing to continue working, which is why he is requesting a loan to invest in his corn cultivation enterprise. He will invest in purchasing fertilizer and other supplies such as herbicides and insecticides to obtain a better crop that is free of plagues.

He states that the previous loan provided him with many benefits such as increasing his production and his income. His wishes are to escape poverty and improve his financial situation, as his work allows him to generate income necessary to support his household.
View original language description ↓
Marvín, necesita refinanciamiento para continuar trabajando, es por ello que está solicitando un préstamo para invertirlo en el cultivo de maíz, en la compra de abono y otros insumos como herbicidas e insecticidas para obtener una mejor cosecha libre de plagas.
Expresa que con el préstamo anterior tuvo muchos beneficios ya que le permitió crecer en la producción y sus ingresos; sus deseos es salir de la pobreza y mejorar su situación económica continuan ya que el trabajo le permite generar el dinero necesario para cubrir las necesidades del hogar.

Previous Loan Details

Marvín, who lives with his family, is a farmer and rancher. He has been in business for seven years and learned these trades from his father. Every day he works with great enthusiasm because he enjoys what he does. Marvín is requesting a loan in order to buy two calves so that he can incr... More from Marvin Gabriel'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
  • 772
    View loans »
    El Salvador Loans Fundraising
  • $25,607,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Marvin Gabriel to purchase fertilizer, herbicides and insecticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 11, 2012
Listed
Sep 16, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 22, 2013
This photo was used before for a previous loan for Marvin Gabriel. It was first posted on Kiva on Mar, 2012. Learn More