Update on Ernesto AntonioErnesto needs another loan because he's planting a new crop. He needs to buy the necessary supplies, such as manure, fertilizer, and pesticide, to help him grow the crop in a more appropriate way.
He considers that the previous loan allowed him to do his job in the cornfield, from which he got the crop he needed to feed his family.
He says his house has improved substantially. Now he has some changes that allow his family to be more comfortable.
El considera que el préstamo anterior le ha permitido realizar su trabajo en la milpa, de la cual ha recibido la cosecha necesaria para alimentar a su familia, comenta que su vivienda ha mejorado sustancialmente, ahora tiene algunas modificaciones que le permite tener a su familia más cómoda.
Previous Loan DetailsErnesto lives with his wife and 3-year old son. He learned farming from his father as a boy and now he has a farm of his own. He grows maize and the income from the farm allows him to provide for his own son. Ernesto is applying for a loan to buy the supplies he needs for his next crop. He wi... More from Ernesto 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 22, 2013
- Jan 30, 2013
- Currency Exchange Loss:
- Jun 19, 2014
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.