Update on Luis AlonsoLuis is requesting a loan to purchase materials for growing basic grains, such as fertilizer, and paying for labor, which will be the most important part of carrying out his work in the field. He says his experience with the loans has been good, helping him with his work every day, and he also says that he has purchased a vehicle to transport his harvest to market. Thanks to loans from Kiva, today he has more ability and more money for his family.
Manifiesta que su experiencia con los prestamos ha sido buena, realizando su trabajo todos los días, tambien comenta que en este tiempo ha comprado un vehículo para trasladar la cosecha al mercado, gracias al crédito financiado por KIVA, hoy tiene mayor capacidad y mejoras económicas en su familia.
Previous Loan DetailsLuis needs to continue with his farm work, but he does not have the financial capacity to do so. He is requesting another loan so that he can continue growing basic grains. Luis needs to invest in supplies such as fertilizers for cultivating basic grains, eight sacks of compost, and to pay the ... More from Luis Alonso'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
- Nov 7, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Jun 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.