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Luis Alonso

Update on Luis Alonso

Luis needs to continue with his farm work, but he does not have the financial capacity to do so. He is requesting another loan so that he can continue growing basic grains. Luis needs to invest in supplies such as fertilizers for cultivating basic grains, eight sacks of compost, and to pay the rent on two plots of farmland that he will use for cultivation.


Luis says that his previous loan was very useful. He achieved better results with his harvest thanks to that loan. Now he has greater income capacity.

View original language description ↓
Luis, necesita seguir adelante con su trabajo agricola, pero su capacidad financiera no se lo permite, nos solicita otro crédito para seguir con su negocio de cultivo de granos básicos, necesita invertir en insumos tales como: fertilizantes para cultivar granos básicos, compra de ocho sacos de abono y pagar el alquiler de dos manzanas de terreno donde cultivar.
Manifiesta que el préstamo anterior resulto muy útil obtuvo mayor resultados en la cosecha gracias a ese crédito hoy tiene mayor capacidad de ingresos.

Previous Loan Details

Luis works farming chile peppers and corn. He is 24 and lives with his mother and two brothers. He learned to grow corn and chile from his uncle. He has five years of experience working for his family. In this time he has gained much experience. Luis is asking for a loan to buy 1,000 chile pl... More from Luis Alonso'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
  • 779
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Luis Alonso to buy fertilizers, compost, and to pay the rent on his farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 11, 2012
Listed
Sep 17, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2013