Update on Fabricio EdgardoFabricio is cultivating basic grains and needs money so that he can invest in the payment of a threshing machine, as well as pay for labor needed to harvest his crops. This loan will help him maintain an inventory of available products that he can sell and reserve for personal consumption.
Fabricio said that his crop production increased, so he was able to feed his family and cover some of his expenses. He says that the loans have been helpful in allowing him to complete his work and improve his conditions.
El considera que ha aumentado sus cultivos y la producción de éstos le sirve para poder alimentar a la familia y cubrir algunos gastos, el manifiesta que estos préstamos le han ayudado para realizar su trabajo y mejorar su condición.
Previous Loan DetailsFabricio makes a living working the land, he is 20 and lives with his mother and two brothers, his father died 3 years ago. They live in their own house. He learned how to work the land from his father and since he died he has worked on his own to be able to support his family. This is the tim... More from Fabricio Edgardo'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 24, 2012
- Dec 8, 2012
- Currency Exchange Loss:
- Jul 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.