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Marcos Humberto

Update on Marcos Humberto

Marcos is requesting a new loan because he needs to invest more in his business to increase productivity. This loan will enable him to purchase agricultural supplies such as fertilizer, herbicides, insecticides and pesticides, including seeds for cultivation.

With his previous loan, Marcos increased his revenues and invested in the purchase of basic household products. His family is stable and in good health, and his economic situation has improved.
View original language description ↓
Marcos, solicita un nuevo préstamo porque requiere invertir más en la productividad. Este le permitirá comprar insumos agrícolas como lo es: abono, herbicidas, insecticidas, plaguicidas entre otros y semilla para el cultivo.
Con el crédito anterior aumentaron sus ingresos y lo invirtió en la compra de productos básicos para el hogar. Las condiciones familiares son estables y poseen buena salud, la situación económica mejoro.

Previous Loan Details

Marcos works growing basic grains. He’s 45-years-old and lives in his sister’s house. He’s been working for 10 years; he learned this occupation from his father. He’s currently planting corn and is asking for a loan that will help him buy four sacks of manure that will be used to strengthen ... More from Marcos Humberto'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
  • 692
    View loans »
    El Salvador Loans Fundraising
  • $24,290,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Marcos Humberto to purchase agricultural supplies such as fertilizer, herbicides, and insecticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2013
This photo was used before for a previous loan for Marcos Humberto. It was first posted on Kiva on Oct, 2012. Learn More