Balbino De Jesus
Update on Balbino De JesusBalbino’s asking for a new loan because he needs to invest more in the store as well as to buy farm supplies to work in agriculture. This will allow him to buy products for the store and farm supplies like manure, herbicide, pesticide, insecticide, etc. to work the land.
His previous loan allowed him to grow and to have everything needed to carry out his activity in a timely fashion. His family circumstances and his economic conditions have improved because he’s earned higher income.
El crédito anterior le permitió crecer y tener todo lo necesario para llevar a cabo la actividad en el momento oportuno. Las circunstancias familiares y las condiciones económicas han mejorado, ya que ha obtenido mayores ingresos.
Previous Loan DetailsBalbino manages a store; he lives with his wife and his children. The business started thanks to the support of his family. Together with his wife, they made the initial investment. They don't have a fixed schedule for opening hours. He requests a loan to buy convenience store items, to stock the… More from Balbino 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
- Apr 19, 2013
- Apr 25, 2013
- Currency Exchange Loss:
- Jan 18, 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.