Baltazar De Jesus
Update on Baltazar De JesusBaltazar needs to take a new loan that will help him to further invest in his business. This loan will allow him to buy a cow and cattle feed.
The previous loan helped him to increase his income and his stock. There have been changes in his family circumstances. His wife passed away a month ago and his financial situation has become difficult because of the spending he has carried out.
El crédito anterior le ayudo a incrementar sus ingresos y aumentar su inventario. Las condicione familiares han generado cambios, su esposa falleció hace un mes y sus condiciones económicas se vieron apretadas por los gastos que se ha llevado acabo.
Previous Loan DetailsBaltazar is 54 years old and lives with his wife who is 52 years old. They have children who live outside the home, and he is involved in cattle breeding and has three cows and a calf. He makes regular purchases and sales of livestock, and he has more 30 years in this business, which he learned… More from Baltazar De Jesus'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
- 14 months (Additional Information)
- Repayment Schedule
- Mar 21, 2013
- Apr 11, 2013
- Currency Exchange Loss:
- Feb 17, 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.