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Martin

Update on Martin

Martin finds himself in need of a new loan since it is the growing season and he wants to strengthen his efforts. This loan will allow him to buy 8 quintals of fertilizer, insecticides, pesticides and fungicides and other items to use in the cornfield to control weeds and pests.

He used the previous loan to obtain a better harvest free from pests which he used to feed his family and to sell. Nowadays he has better opportunities to help his family with the household expenses.
View original language description ↓
Martin, se le presenta la necesidad de un nuevo préstamo porque se encuentra en la temporada agrícola y requiere reforzar su actividad; esta inversión le permitirá comprar 8 quintales de abono, insecticidas, pesticidas, plaguicidas, entre otros para utilizarlo en la milpa y para el control de hierbas y plagas.
El crédito anterior le ayudo a obtener una cosecha más abundante libre de plagas para sacarlas a la venta y para el consumo de su familia; hoy en día cuenta con mejores oportunidades para apoyar a su familia con los gastos del hogar.

Previous Loan Details

Martin is requesting a loan to buy agricultural supplies (fertilizer) and pay laborers. This will help him to improve his harvests. This is Martin's second loan. He used his first loan to buy agricultural supplies which gave him good results with his production. He managed to sell part of his… More from Martin'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

  • $4,900
    Average annual income
  • 652
    View loans »
    El Salvador Loans Fundraising
  • $22,114,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Martin to buy 8 quintals of fertilizer, insecticides, pesticides and fungicides among other items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Martin. It was first posted on Kiva on Nov, 2011. Learn More