Update on JubentinoJubentino needs to make an investment because he will start the new planting of basic grains. That is why he is asking for a new loan. He will use it to buy the necessary agricultural materials, such as fertilizer, herbicide, pesticide, and more. The previous loan helped him to increase productivity and his earnings, which he invests in basic household expenses. The loan he was given with Kiva was very useful to him, since his income has improved and his family group is the same.
El crédito anterior le ayudo a aumentar la productividad y su ganancias, estas las invierte en los gastos básicos del hogar; el crédito otorgado de Kiva fue de mucha utilidad, ya que los ingresos han mejorado y el grupo familiar se mantiene igual.
Previous Loan DetailsJubentino lives with his family in his own house. He has been working in agriculture for 20 years, planting staple grains such as beans and maize. He learned this occupation from his father and has no fixed work schedule. Jubentino will use this loan for obtaining better crops and purchasing fer... More from Jubentino'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
- Jul 19, 2013
- Aug 12, 2013
- Currency Exchange Loss:
- Jun 19, 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.