Update on Milton HumbertoMIlton Humberto, who is 29 years old, lives with his life companion and their children in their own house. His work is growing corn, beans, and sorghum. In addition, he supplements the household income with two of his own cows, and he works as a day laborer in different places. He has been working in this area for a number of years, and this has given him valuable experience that allows him to obtain the best harvests. His fields are located in an area of high agricultural use and very close to the town where he lives. He sells his products in all the areas surrounding his town, and he already has many customers who prefer him because everything that he sells is of first quality, at affordable prices, and with excellent service. Milton is an entrepreneurial man, dedicated to his work. He is always looking for alternatives that will permit him to find the route to a more prosperous future. He knows that only in this way will he achieve success. In the last planting season he had some losses, and he wants to recover. He will make a new investment, and for this he is applying to INTEGRAL for a loan that will allow him to buy seeds for corn, beans, and sorghum and insecticides, herbicides, etc. Milton Humberto has good payment references, and he affirms that he will be able to pay off the debt and at the same time he is confident that he will be able to bring economic security to his household.
Previous Loan DetailsMilton Humberto, 29, lives with his life companion and their children. He grows corn and beans. He’s worked in agriculture since the age of 18 and has several years’ experience that have helped him produce good harvests. He sells in all the areas around his zone and has acquired a large numb... More from Milton Humberto's previous loan »
More information about this loan
This loan is part of Apoyo Integral's program to help subsistence farmers located in high-risk regions of El Salvador, including coastal strips, river banks, and volcano fault lines. The program, which offers reduced interest rates, targets farmers who don't qualify for formal funding due to their low-income and geographical risk. By funding this loan, you are helping Apoyo and a local non-governmental organization extend risk-tolerant credit to even more farmers.
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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.
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Success!! The loan was 100% repaid