Update on Marlon AnibalMarlon’s asking for a new loan because he needs more working capital for his corn and bean crops; it will make it possible for him to buy manure, herbicide, pesticide, fungicide and insecticide. The previous loan helped him get the necessary farm supplies to do his planting and with profits earned he’s managed to support his family covering household expenses since his economic conditions have improved.
El crédito anterior le ayudo a adquirir los insumos agrícolas necesarios para realizar el cultivo y con las utilidades ha logrado apoyar a su familia con los gastos del hogar, ya que las condiciones económicas han mejorado.
Previous Loan DetailsMarlon lives with his parents. He’s single and has no children but he does have two siblings who are 13 and 10 years old. He is a farmer alongside his father. He works every day of the week starting at 6 in the morning. For the moment, he and his father are farming corn but they need manure a... More from Marlon Anibal'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
- May 21, 2013
- May 29, 2013
- Currency Exchange Loss:
- Jun 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.