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Luis Antonio

Update on Luis Antonio

Luis is requesting a loan because he needs to continue investing in his bean and corn crops. He will buy herbicides, pesticides, insecticides, manure, and pay labor costs. The previous loan helped him to increase the productivity of his land and increase his income. He invested this income in fixing up his home and says that the Kiva loan has improved his financial situation and the living conditions of his family.
View original language description ↓
Luis, solicita un nuevo préstamo por la necesidad de seguir invirtiendo en la actividad del cultivo de frijol y maíz; este le permitirá comprar herbicidas, plaguicidas, insecticidas, abono y pago de mano de obra.
El crédito anterior le ayudo a aumentar la productividad, incrementar los ingresos y estos los invirtió en la reparación de su vivienda; con la inversión del préstamo otorgado por Kiva han mejorado las condiciones económicas y las circunstancias familiares se han optimizado.

Previous Loan Details

Luis is requesting a new loan in order to invest it in his cultivation of basic grains. He is currently sowing the plants in season. With the help from this loan, he will buy six bags of manure. With his previous loan, he was able to improve productivity with the growth of the basic g... More from Luis Antonio'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

  • $7,500
    Average annual income
  • 712
    View loans »
    El Salvador Loans Fundraising
  • $26,086,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Luis Antonio to buy herbicides, pesticides, insecticides, manure, and pay labor costs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 16, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014
This photo was used before for a previous loan for Luis Antonio. It was first posted on Kiva on Nov, 2012. Learn More