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Carlos Mario

Update on Carlos Mario

Carlos needs more working capital to keep investing in agriculture, so he needs a new loan. This will help him buy agricultural supplies like manure, herbicides, and insecticides, among other things to prepare the land. The previous loan was very helpful, because he was able to increase his corn production and make more money. The economic conditions have improved and also his family circumstances.
View original language description ↓
Carlos, se le presenta la necesidad de más capital de trabajo para continuar invirtiendo en la agricultura, por lo que requiere de un nuevo préstamo, el cual le servirá para comprar insumos agrícolas, tales como: abono, herbicidas, insecticidas, pesticidas, plaguicidas, entre otros para preparar la tierra.
El crédito anterior fue de mucha ayuda, ya que logro incrementar la producción de maíz y obtener mayores ingresos. Las condiciones económicas han mejorado y asimismo las circunstancias familiares.

Previous Loan Details

Carlos is 38 years old and married. He has two children who are in school. He is a farmer who grows basic grains. He has two plots of land planted with corn. He has done this work for 10 years, and he learned it from his father. He is requesting a loan to buy compost, which he will apply to t... More from Carlos Mario'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
  • 594
    View loans »
    El Salvador Loans Fundraising
  • $23,937,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Carlos Mario to buy manure, herbicides, and insecticides, among other things to prepare the land.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 3, 2013
Listed
Aug 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014