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Felipe

Update on Felipe

Felipe 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.
View original language description ↓
Felipe, solicita un nuevo préstamo porque este financiamiento es de mucha ayuda para sacar cosechas más abundantes; este lo invertirá en pago de mano de obra para realizar la preparación de una manzana de tierra en donde sembrar maíz, asimismo le permitirá comprar abono, herbicidas, plaguicidas, insecticidas para realizar la siembra.
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 Details

Felipe 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 »

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

  • $4,900
    Average annual income
  • 414
    View loans »
    El Salvador Loans Fundraising
  • $22,783,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $325 helped Felipe to buy farm supplies and to pay labor costs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 23, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Felipe. It was first posted on Kiva on Jun, 2011. Learn More