Update on Mariano AntonioMariano 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.
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 DetailsMariano 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 »
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
- 14 months (Additional Information)
- Repayment Schedule
- Sep 12, 2012
- Oct 15, 2012
- Currency Exchange Loss:
- Dec 15, 2012
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.