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Balbino De Jesus

Update on Balbino De Jesus

Balbino’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.
View original language description ↓
Balbino, solicita un nuevo préstamo por la necesidad de invertir más en el negocio de su tienda y asimismo adquirir insumos agricolas para trabajar en la agricultura. Este le permitirá comprar productos para el negocio y materiales agrícolas para trabajar la tierra tales como: abono, herbicidas, plaguicidas, insecticidas, entre otros.
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 Details

Balbino 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 »

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
  • 462
    View loans »
    El Salvador Loans Fundraising
  • $23,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Balbino De Jesus to buy stock merchandise for the store and farm supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014
This photo was used before for a previous loan for Balbino De Jesus. It was first posted on Kiva on Jun, 2012. Learn More