Update on MartirMártir has decided to take out another loan because he believes the previous ones have helped him to improve his cattle. He will invest this loan in buying feed for the cattle, ground fodder, vitamins and deworming medicine.
He has shown that his cattle and agriculture business has improved. Previously he would sow basic grains. He now has more opportunities to bring in an income and living conditions for him and his wife are changing for the better.
Él manifiesta que el negocio de la ganadería y la agricultura ha mejorado, anteriormente logro realizar la siembra de granos basicos, tiene más oportunidades de obtener ingresos, las condiciones de vida con su esposa está cambiando positivamente.
Previous Loan DetailsMártir is a responsible person who opted for a new loan because he’s once again starting to plant corn. He will use the loan to buy herbicides, manure and seeds to plant with the goal in mind of having better harvests this year to sell and have part left over for his family’s consumption. Márti... More from Martir'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
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Dec 27, 2012
- Jan 3, 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.