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Mario Antonio

Update on Mario Antonio

Mario 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.
View original language description ↓
Mario, requiere de un nuevo crédito, porque necesita más capital de trabajo y por la buena atención que se le brinda en la institucion. Dicho crédito le permitirá pagar el arrendamiento de tierra para el cultivo de maíz y frijol de este año.
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 Details

Mario 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 ... More from Mario Antonio'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

  • $7,500
    Average annual income
  • 720
    View loans »
    El Salvador Loans Fundraising
  • $26,289,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Mario Antonio to pay for the leasing of land to grow corn and beans.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 21, 2013
This photo was used before for a previous loan for Mario Antonio. It was first posted on Kiva on Jun, 2012. Learn More