Update on Edwin GabrielEdwin is requesting a loan to invest in growing staple grains by paying for labor to pick the corn and also by buying a machine to separate the kernels, which he will use to prepare his harvest to be eaten and sold. This loan will give him the financial resources he needs to carry out the final stage of work on his crop.
He believes that his harvests have increased through his use of these loans, as he has been buying the resources he needs. His earnings have also improved, which has allowed him to pay for food, clothing, and health costs for his son and wife, thereby improving their conditions.
El considera que sus cosechas han aumentado a través de los préstamos que utiliza, comprando los recursos necesarios, sus ganancias también han sido mejor con las que ha podido comprar el alimento, vestuario y pago de salud, para su hijo y esposa, sus condiciones están mejorando.
Previous Loan DetailsEdwin lives with his wife and a 6-month-old son in a house they own. He sows basic grains. He has been in this line of work for five years and works from Monday through Saturday. He learned it while he was still living with his parents. He requests the loan in order to purchase five sacks of com... More from Edwin Gabriel'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
451View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Nov 28, 2012
- Dec 7, 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.