Update on EdilbertoEdilberto 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.
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 DetailsEdilberto 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… More from Edilberto'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
- Apr 10, 2013
- Apr 19, 2013
- Currency Exchange Loss:
- Nov 17, 2013
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.