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Lucio

Update on Lucio

Lucio has decided on a new loan because the use of the loan has helped him improve his harvest in farming and cattle raising. He will pay for a hulling machine in order to be able to process the crop, also he will pay to rent a mowing machine to grind up the grass of the harvest for cattle feed, and also to sell some of it.

He thinks the last loan helped him as his crops were more profitable, increasing the harvest. During this period he has invested in livestock, and because of this the quality of life for the family as well as personally is better.
View original language description ↓
Lucio, se decidió por un nuevo préstamo, porque el usar prestamos le ha ayudado para mejorar sus cosechas en la agricultura y en la crianza de ganado, él pagara una maquina desgranadora para poder procesar la cosecha, tambien pagara por alquiler de maquina picadora de zacate para moler el zacate de la cosecha para alimento del ganado, tambien comercializar alguna parte.
El considera que el préstamo anterior le ayudo a que sus siembras fueran más beneficiosas, incrementando la producción, en este periodo ha invertido en la ganadería, por eso sus condiciones de vida tanto en la familia como personalmente esta mejor.

Previous Loan Details

Lucio lives with his family, which consists of his wife and three children (ages 19, 16, and 14), all of whom are dependent on him. He engages in farming activities, such as growing corn and raising cattle. His daily activities begin at 5am, which is when he milks the cows. Later on he works in… More from Lucio'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

  • $4,900
    Average annual income
  • 654
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Lucio to pay for a hulling machine and a mowing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Lucio. It was first posted on Kiva on May, 2012. Learn More