Update on Rene EnriqueRené needs a new loan that he'll use to grow basic grains. He will purchase fertilizer and plants and he'll pay for labor so that he can get a new crop with a good level of production.
He reports that his profits have improved. With the investment he made with the previous loan he got results that have allowed him to provide his family with food and clothing thus far. Thanks to his Kiva loan he'll improve his living conditions.
El manifiesta que sus utilidades han sido mejor, con el préstamo anterior realizo una inversión que hasta el momento los resultados le han permitido comprar la alimentación y vestuario a su familia, gracias al crédito kiva, mejorara sus condiciones de vida.
Previous Loan DetailsRené is a 28 year old farmer. He is married and is the father of a 1 year old son. They live in their own home. He learned the work of farming from his father from a very young age. He has been working for his family for 5 years and, to date, he hasn't had any problems with his crops. He is… More from Rene Enrique'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 14, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Dec 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.