Update on Wilmer UlisesWilmer wants to invest in corn and bean crops. His previous loan led to good profits which is why he’s daring once again to buy supplies like four sacks of manure, herbicide and leaf fertilizer so that this crop he’s currently growing will be equally successful. He was able to earn better profits with his previous loan through the sale of his crops. He’s bought his family some needed things but the best thing Wilmer’s had is that he was able to send one of his children to school (Kindergarten).
Con el préstamo anterior logro tener mejores ganancias, a través de las ventas de la cosecha, a su familia le ha comprando algunas cosas necesarias, lo mejor que ha tenido Wilmer es el envió de uno sus hijos a la escuela (kinder).
Previous Loan DetailsWilmer works as a farmer. He's 26 years old and lives with his wife and two children of 3 years and 1 year of age. Wilmer has been making a living planting crops for seven years as his father taught him. He is requesting a loan to buy corn seed, fertilizer, herbicides, and other supplies which… More from Wilmer Ulises'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
- Oct 24, 2012
- Nov 20, 2012
- Currency Exchange Loss:
- May 17, 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.