Update on Juan PastorJuan is in need of a new loan as he needs more working capital for growing corn and beans. He will use this loan to buy manure, herbicides, pesticides and insecticides.
Juan's last loan helped him to buy necessary farming supplies and to support his family with household costs. The family's circumstances and financial situation have improved.
El crédito anterior le ayudo a adquirir los insumos agrícolas requeridos y apoyar a su familia con los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJuan is a farmer and lives with his wife. They have three children who are 36, 30, and 25 years old and each live on their own. Juan has farmed corn and beans for 30 years. He learned this trade alongside his father and works every day without a fixed schedule. He is currently planting corn and… More from Juan Pastor'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
- 9 months (Additional Information)
- Repayment Schedule
- At end of term
- May 30, 2013
- Jun 13, 2013
- Currency Exchange Loss:
- Feb 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.