Update on Gelber MauricioGelber needs to continue working growing vegetables, which is why he has requested another loan. The loan will be used to buy fertilizers and cucumber and green bean seeds.
He told us that with the previous loan he was able to plant a good crop, which resulted in an abundant and healthy harvest. With the profits he was able to pay off his loan and cover the household expenses. He is very thankful and wants to keep working with his crops.
Expresa que con el crédito anterior logro realizar una buena siembra, con una cosecha abundante y sana le permitio con las ganancias cancelar el crédito y cubrio los gastos del hogar, esta muy agradecido y desea continuar trabajando con sus cultivos.
Previous Loan DetailsGelber is a farmer who lives with his mother and grandparents. He grows vegetables and has been in this business for three years. Gelber grows cucumbers, tomatoes, and chile peppers. He works full-time and learned this trade from his grandfather.
Gelber is currently requesting a loan to ... More from Gelber Mauricio'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
- At end of term
- Aug 13, 2012
- Sep 17, 2012
- Currency Exchange Loss:
- Mar 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.