Update on Carlos AlfredoCarlos Alfredo lives with his life partner and their children in his own house. He grows corn and beans. He has been farming for many years already and he has a lot of experience in it that allows him to obtain the best harvests and always do quality work. The land he cultivates is fertile and suitable for sowing. It is close to the town where he lives, and he trades in all the surrounding areas. He already has a lot of customers, since people prefer him because he always has what they need at accessible prices and provides unequalled service. Carlos is a man who is dedicated to his work and is always ready to better himself. He knows that with all of his effort and dedication he will achieve the success he wants so much. In the last harvest, he had a lot of losses, and he wants to recover and invest. That is why he is asking Integral for a loan that will allow him to buy cattle, corn and bean seeds, fertilizer, herbicide, and tools. Carlos Alfredo has good payment references and is very responsible. He feels completely thankful for the help, so he promises to make his loan repayments within the established time frame, and at the same time he will give his family a better life.
Previous Loan DetailsCarlos Alfredo, 50, lives with his wife and children. He is a hard worker dedicated to his family. He has worked his whole life in the fields growing corn and beans. Like all farmers he goes through the same process every year: preparing the land, planting the seeds, harvest the crops, and later… More from Carlos Alfredo's previous loan »
More information about this loan
This loan is part of Apoyo Integral's program to help subsistence farmers located in high-risk regions of El Salvador, including coastal strips, river banks, and volcano fault lines. The program, which offers reduced interest rates, targets farmers who don't qualify for formal funding due to their low-income and geographical risk. By funding this loan, you are helping Apoyo and a local non-governmental organization extend risk-tolerant credit to even more farmers.
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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
- At end of term
- Feb 6, 2013
- Feb 23, 2013
- Currency Exchange Loss:
- Jun 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.