Update on Miguel AntonioMiguel 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.
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 DetailsMiguel 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 »
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
- 12 months (Additional Information)
- Repayment Schedule
- Jul 26, 2013
- Aug 16, 2013
- Currency Exchange Loss:
- Jul 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.