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Franklin Ernesto

Update on Franklin Ernesto

Franklin needs to take out a new loan because he needs more working capital to continue growing staple grains. This will allow him to buy fertilizer, herbicide, pesticide, and insecticide, among other items.

The previous loan helped him to increase production, and he used his income for household expenses. His family's economic conditions and circumstances have improved, and there is a new member of the family.
View original language description ↓
Franklin, requiere optar por un nuevo préstamo porque necesita más capital de trabajo para seguir invirtiendo en el cultivo de granos básicos; este le permitirá comprar abono, herbicidas, pesticidas, plaguicidas insecticidas, entre otros.
El crédito anterior le ayudo a aumentar la producción y sus ingresos los invierte para los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado, aumento un miembro en la familia.

Previous Loan Details

Franklin, 21, lives with his wife and nine-month-old son. He works in agriculture to support his home. He learned the occupation from his uncle and he’s been growing his own crops for two years now. He requests the loan to buy four sacks of manure and also to pay labor costs. With it, he’ll b... More from Franklin Ernesto'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
  • 839
    View loans »
    El Salvador Loans Fundraising
  • $25,699,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Franklin Ernesto to buy fertilizer, herbicide, pesticide, and insecticide, among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 31, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Franklin Ernesto. It was first posted on Kiva on Dec, 2012. Learn More