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Edilberto

Update on Edilberto

Edilberto is applying for another loan in order to improve his business and his family's living conditions. This loan will allow him to buy feed for his pigs and to pay for labourers to prepare eight hectares of land for planting crops.

Edilberto's previous loan helped him to make his business more profitable and stable and so his own income grew. Edilberto also has a lot from the harvest to sell. He says that, thanks to God and Kiva, who have provided him with loans through Padecomsm, his pigs, corn and bean businesses have grown. More than that, his family's living conditions have improved.
View original language description ↓
Edilberto, solicita un nuevo préstamo porque son una fuente para mejorar el negocio y las condiciones de vida de su familia. Este le permitirá comprar comida para los cerdos, para pagar la mano de obra porque preparara 8 tareas de tierra para la siembra de cultivo.
El crédito anterior le ayudo a cambiar la rentabilidad y la esta estabilidad de su negocio, incrementando así sus ingresos económicos; también posee mucha cosecha para comercializarla. Edilberto, cuenta que gracias a DIOS y a Kiva que por medio de Padecomsm que le han brindado los créditos, ha crecido en las actividades de cerdos, siembra de maíz y frijol; asimismo han mejorado las condiciones de vida de toda la familia.

Previous Loan Details

Edilberto is a farmer. He lives with his wife and son, who is already independent. He makes a living planting corn and beans. He also offers his services at a mill for corn, which he starts doing at 6 in the morning until 3 in the afternoon. He started this business with the support of his fam... More from Edilberto'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
  • 751
    View loans »
    El Salvador Loans Fundraising
  • $25,534,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $325 helped Edilberto to buy pig feed and to pay for labourers to prepare eight hectares for planting crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Edilberto. It was first posted on Kiva on Mar, 2012. Learn More