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Mariano Antonio

Update on Mariano Antonio

Mariano is determined to continue working via loans. They present opportunities to be able to invest and to continue doing agricultural work. He is starting to plant corn for which he needs to buy fertilizer and seeds. He also needs to pay for the labor to prepare the land because this needs to be done in order to do his work.

With the previous loan he and his wife managed to do good work. This is because he bought all of the materials needed to make bread. This has allowed him to have greater income. He feels that his family’s financial situation is improving, which is related to the previous loan.
View original language description ↓
Mariano, está decidido por continuar trabajando a través de préstamos, ya que se le presentan oportunidades para poder invertir y continuar realizando el trabajo agrícola, él está iniciando la siembra de maíz para lo cual necesita invertir en la compra de abono, semilla, pago de mano de obra para preparar el terreno, ya que es lo necesario para que realice su trabajo.

Con el credito anterior el logró realizar una buena labor con su esposa ya que compro todos los materiales necesarios para la elaboracion del pan, le ha permitido tener mejores ingresos, su situación económica de la familia considera que están mejorando con relación al préstamo anterior.

Previous Loan Details

Mariano is married and lives with his wife and grandson. He works as a farmer and rancher, while his wife prepares bread. Mariano started his business through his own initiative and has always had the help of his family. They do not work on a set schedule when attending to their customers. ... More from Mariano Antonio'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
  • 769
    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 $1,000 helped Mariano Antonio to buy natural fertilizer, seeds, and to pay for labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Mariano Antonio. It was first posted on Kiva on Nov, 2011. Learn More