Update on Hector AntonioHéctor has decided to request a new loan to buy beans for their seeds, because now is the time to plant. He will would also like to use the loan to buy coco plants, tamarind trees, and also pay to rent the land and buy a hog, which will all help him continue to do his job.
The previous loan had a positive impact on his income, as he was able to plant corn, tabacco and beans, which resulted in an abundant harvest. He hopes to sell the coco and tamarind. He has been able to support his family with his income, and he would like to improve their standard of living and get ahead.
Con el préstamo anterior tuvo un efecto positivo, realizando la siembra de maíz, tabaco, frijol, y la producción fue abundante, su deseo es comercializar el cacao y tamarindo, en su familia se ha mantenido con sus ingresos, su deseo es mejorar la vivienda y sacar adelante a su familia.
Previous Loan DetailsHéctor lives with his mother and his wife; he has a son. He’s a small-scale farmer growing corn, tobacco and beans. He’s been in this activity for nine years having learned it from his father. He does it to support his family. He’s asking for a loan because the planting season is starting… More from Hector Antonio'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
- Jan 16, 2013
- Jan 25, 2013
- Currency Exchange Loss:
- Aug 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.