Update on MarioMario needs to invest in his business. In order to bring in the harvest of basic grains, he will pay day laborers. He will also rent land that will serve for next season's planting. This will help Mario get the harvest ready for consumption.
Mario believes that his work has improved because of the help of the loans. They help him keep his family in good conditions. They are all healthy and Mario is ready to begin next year with more work.
El considera que su trabajo ha mejorado con el apoyo de los préstamos, le sirven para mantener a su familia en mejores condiciones, todos cuentan con buena salud y Mario está listo para iniciar el próximo año con más trabajo.
Previous Loan DetailsMario’s asking for a new loan because the new corn planting season is starting. He’ll buy manure and herbicide that’s needed to farm basic grains. The loan added to state funds will allow him to make a good investment that will help him prevent infestations or any other kind of damage in his cro... More from Mario'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
- Dec 19, 2012
- Jan 2, 2013
- 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.