Manuel De Jesus
Update on Manuel De JesusManuel is requesting a new loan because he needs to invest more in his basic crops. This loan will help him to buy fertilizer, insecticides, pest-control substances, pesticides, as well as to pay the men who work for him during planting season.
The previous loan helped Manuel to increase his production and he was able to invest his earnings in his household expenses. His family's financial situation has improved greatly thanks to the previous Kiva loan.
El crédito anterior le ayudo a aumentar la producción y las utilidades las invierte en los gastos del hogar y familiares; las condiciones económicas han mejorado y asimismo las circunstancias familiares se han optimizado gracias al crédito otorgado de Kiva.
Previous Loan DetailsManuel lives in his own house. He is a farmer and depends on this work to have what he needs in his home. He has five children who are now able to work and who help him farm every day. He learned how to farm from his father when he was about 10 years old and this has enabled him to have, since he… More from Manuel 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 29, 2013
- Currency Exchange Loss:
- Jul 17, 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.