Update on David MartinDavid has decided to to take out loans for his work, in order to invest in the new crop he is cultivating by buying fertilizers, pesticides and compost. This will help him because he will have everything he needs to work and his crop will be more productive.
He believes that his crops have improved thanks to the use of the necessary materials. This, in turn, has helped him to improve his economic situation through the sale of his harvest. He says that he has recently purchased a motorbike, a step forward which allows him to travel to different places.
Él considera que las siembras han mejorado, debido a la aplicación de los materiales necesarios, esto tambien le ha permitido mejorar su situación económica, con la venta de la cosecha, en este periodo comenta que ha adquirido una moto, que ya es un avance para trasladarse a distintos lugares.
Previous Loan DetailsDavid is a single man who lives with his family. He works in agriculture. Each day, David begins work at 5 a.m. and works well into the afternoon, clearing weeds from his crops. David needs this loan to invest in fertilizer to ensure a good harvest, which will help him make a living. David's goa... More from David Martin'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
- 12 months (Additional Information)
- Repayment Schedule
- Feb 13, 2013
- Mar 6, 2013
- Currency Exchange Loss:
- Jul 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.