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Gerardo

Update on Gerardo

Gerardo is requesting another loan to have more capital to be able to start the corn harvest, using the loan funds to pay for the labor that allows him to process the corn and have it for his household.

He considers the loan to have helped him buy his supplies to do his job growing corn. He also comments that his family has suitable conditions and has not lacked food.
View original language description ↓
Gerardo, solicita un nuevo préstamo para tener más capital para poder iniciar el trabajo en la recolección de cosecha de maíz, pagando de los fondos préstamos la mano de obra que le permita procesar la cosecha para tenerla en su hogar.
Él considera que el préstamo le ha ayudado para comprarse los insumos, realizando su trabajo en la siembra de maíz, además comenta que en su familia la alimentación no ha faltado, teniendo una condición adecuada.

Previous Loan Details

Gerardo is requesting a new loan so that he can invest in his farming business. He says that he has received good attention and good service with these loans, which have helped him complete the work on his land. Gerardo will buy compost, herbicides, and insecticides since these are necessary… More from Gerardo's previous loan »

Additional Information

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

  • $4,900
    Average annual income
  • 660
    View loans »
    El Salvador Loans Fundraising
  • $22,070,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Gerardo to pay for labor for the harvest.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Gerardo. It was first posted on Kiva on Jul, 2012. Learn More