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Miguel Antonio

Update on Miguel Antonio

Miguel is requesting a new loan because he requires operating capital to continue farming and for the good service the Institution (PADECOMSM) provides to its clients. This investment will help him to purchase necessary agricultural inputs, such as insecticides, pesticides, and manure, among other items.

His last loan was very helpful, since he managed to acquire agricultural materials to grow corn and beans. His desires are to always support his children in their studies and to feed his family.
View original language description ↓
Miguel, se le presenta la necesidad de un nuevo préstamo, ya que requiere de capital de trabajo para continuar en la agricultura y por la buena atención que la Institución ofrece a sus clientes. Esta inversión le ayudara a comprar los insumos agrícolas necesarios, tales como: insecticidas, plaguicidas, pesticidas, abono, entre otros.
El crédito anterior fue de mucha ayuda, ya que logro adquirir los materiales agrícolas para el cultivo de maíz y frijol. Su deseo es apoyar siempre a sus hijos en los estudios y con la alimentación de su familia.

Previous Loan Details

Miguel lives with his mother; he has no children. He works growing corn and beans, an activity he’s been in for the last 10 years. He learned from his father and works every day caring for his crops and doing other chores. He’s asking for a loan to buy manure and herbicide needed for his cro... More from Miguel Antonio'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
  • 684
    View loans »
    El Salvador Loans Fundraising
  • $24,307,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Miguel Antonio to buy insecticides, pesticides and manure, among other items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Miguel Antonio. It was first posted on Kiva on Aug, 2012. Learn More