Update on RudyRudy has requested a new loan because he feels that working with them has allowed him to have better benefits with his crops and now he can buy the necessary supplies to have good production. At the moment he is starting a new crop and he will buy compost and other supplies.
He feels that the previous loan was positive and it helped him improve his earnings with his production. This provided better stability and he plans to keep working and count on the support of Padecomsm and Kiva. His desire for the future is to buy land that he can work.
Él considera que el efecto que le dio el crédito anterior fue positivo, ayudándole a mejorar sus ganancias con la producción de la siembra, esto le ha generado una mejor estabilidad, piensa seguir trabajando y contar con este apoyo de Padecomsm y Kiva, su deseo es a futuro comprar un terreno donde realizar su trabajo.
Previous Loan DetailsRudy makes a living planting corn. He lives with his family, his wife and their two year old son. He works everyday from 6:00am to 4:00pm. His advantage in his schedule is that he lives very close to the land where he does his work and it belongs to him. In his work the difficulty is the changes in… More from Rudy'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
- Jan 16, 2013
- Jan 23, 2013
- Currency Exchange Loss:
- May 19, 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.