Update on Juan SantosJuan needs capital to invest in his corn crop. He is requesting a new loan so that he can buy five sacks of compost, which will improve his crop. As a result, he can guarantee his sales by harvesting the best quality corn that he can offer to his customers.
Juan says that his previous loan enabled him to increase his earnings. He had more capacity to invest in basic grains. His wish is to improve his income, and this Kiva loan will help him accomplish this goal.
El comenta que gracias al préstamo anterior logro aumentar sus ganancias y ha tenido más capacidad de invertir en granos básicos, sus deseos son aumentar los ingresos económicos y con el crédito de Kiva lo está logrando.
Previous Loan DetailsJuan is a farmer and cattleman. He lives in his own house with his wife and three children who are 2, 4 and 9 years of age. Juan has experience in this work since he started very young learning from his father. He’s been working now on his own for ten years and he’s asking for a loan to ... More from Juan Santos'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 26, 2012
- Oct 23, 2012
- Currency Exchange Loss:
- Mar 15, 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.