Update on Alberto MauricioAlberto decided to take out a new loan to be able to invest in the farming season. This money will be used to buy agricultural materials such as fertilizer and herbicides as well as to pay for renting three manzanas [5.178 acres] of land.
With the previous loan he was able to increase his crop for family consumption. This has improved the family stability and keep working through these loans.
Con el préstamo anterior logro aumenta el cultivo, el cual utiliza para el consumo en su familia y para la venta, esto le ha dado mejoras a su estabilidad familiar, seguir trabajando a través de estos préstamos.
Previous Loan DetailsAlberto, 28, lives with his wife and two children. He works growing corn and also making metallic structures. With these occupations he’s been able to have what’s necessary for his family. He learned from his parents and has been working for himself for two years, Monday through Saturday from 7am… More from Alberto Mauricio'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 28, 2013
- Currency Exchange Loss:
- Sep 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.