Update on Carlos OsminCarlos is requesting a new loan due to the necessity of investing more capital in agriculture. This will allow him to buy fertilizer, herbicides, pest-control substances and insecticides to carry out the cultivation. The previous loan allowed him to increase his harvest and with it to have more income to help his family to have a better quality of life. The economic conditions improved in large measure and the family circumstances have remained the same.
El crédito anterior le permitió incrementar su cosecha y con ello tener más ingresos para ayudar a su familia a tener una mejor calidad de vida. Las condiciones económicas han mejorado en gran medida y las circunstancias familiares se mantienen igual.
Previous Loan DetailsCarlos works in agriculture. He’s 48-years-old and lives with his 40-year-old wife. He has two teen-age children who are attending high-school. He works growing corn and selling bread in the morning. He learned the business with his family. He also grows corn on two manzanas [Central American… More from Carlos Osmin'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
- 11 months (Additional Information)
- Repayment Schedule
- Mar 15, 2013
- Apr 10, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.