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Alberto Mauricio

Update on Alberto Mauricio

Alberto 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.
View original language description ↓
Alberto, se decidió por un nuevo préstamo para poder invertir en la temporada agrícola, este dinero será utilizado para comprarse los materiales agrícolas como abono, herbicidas, también pagara el alquiler de tres manzanas de terreno.

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 Details

Alberto, 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 7... More from Alberto Mauricio's previous loan »

Additional Information

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

  • $7,500
    Average annual income
  • 784
    View loans »
    El Salvador Loans Fundraising
  • $26,231,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Alberto Mauricio to buy fertilizer and herbicides and to pay for renting three manzanas [5.178 acres] of land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 16, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2013
This photo was used before for a previous loan for Alberto Mauricio. It was first posted on Kiva on Dec, 2012. Learn More