Update on FelipeFelipe is requesting a new loan because this loan will be of great help to produce more abundant harvests. He will invest it in paying labor costs to prepare a ‘manzana’ [Central American unit of land measurement] of land to plant corn. It will also make it possible for him to buy manure, herbicide, fungicide and insecticide to do his planting.
He used his previous loan to buy basic grains and had good results because he increased his crop yield. His family circumstances have improved thanks to the income he was able to earn. The only thing is that his son suffered a fatal accident; even so however, he continues striving much to continue working with the institution.
El crédito anterior lo invirtió en granos básicos y le genero muchos resultados, ya que incremento la cosecha. Las circunstancias familiares han mejorado gracias a los ingresos que ha logrado obtener, lo único que un hijo tuvo un accidente y falleció pero aun así ha luchado mucho para seguir trabajando con la institución.
Previous Loan DetailsFelipe is married and lives with wife and five children. He raises pigs and farms the land, as he learned to do from his father. He's been in the business for 20 years and gets up every morning at 4:00 a.m. to start his workday. He is requesting a loan to buy pigs and farm supplies, such as… More from Felipe'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
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Apr 17, 2013
- Apr 23, 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.