Update on Mario AntonioMario is requesting a new loan because he needs more working capital and because of the good service provided by the institution. This loan will permit him to pay for the leasing of land for growing corn and beans this year. The previous loan allowed him to purchase farm inputs for planting and harvesting and in this way, help his family. His goal is to always be able to help his children continue their studies and have a better life.
El préstamo anterior, le permitió comprar, insumos agrícolas para el cultivo y con la cosecha ha ayudar a su familia. Su objetivo es poder ayudarles siempre a sus hijos para que sigan estudiando y tener una mejor vida.
Previous Loan DetailsMario is a farmer living with his wife and four children aged 13, 10, 9 and 6 years old. He has been farming for 15 years. He works every day from six in the morning until three in the afternoon or depending on the farming season. He's sowing for the winter season, which is why he needs a loan to… More from Mario 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
- 15 months (Additional Information)
- Repayment Schedule
- Mar 5, 2013
- Mar 22, 2013
- Currency Exchange Loss:
- Oct 21, 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.