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Benito

Update on Benito

Benito needs another loan to buy feed for his livestock such as corn flour, grass, corncobs, etc., because there's no grass this time of year.

With the previous loan he was able to expand his corn crop as well as his livestock business, and today he has more calves and dairy cows, with which he has earned more income.
View original language description ↓
Benito, requiere de un nuevo préstamo, por la necesidad de comprar alimentación para el ganado, como lo es harinilla, pasto, tusa, etc., debido a que en esta época no hay pasto.
Con el crédito anterior le permitió crecer en el cultivo de maíz, al mismo tiempo en el negocio de la ganadería, ya que hoy cuenta con más terneros y vacas lecheras, lo que significa que ha obtenido mayor ingresos.

Previous Loan Details

Benito has decided to ask for a new loan because a new sowing season is about to start and he needs to buy manure and insecticides to use them when planting corn. These are supplies farmers use to fight pests while strengthening the crops at the same time. His family’s life has improved thanks... More from Benito'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
  • 428
    View loans »
    El Salvador Loans Fundraising
  • $22,826,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Benito to buy animal feed.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014