Update on Manuel AntonioManuel is applying for another loan because he requires more working capital for his home improvement projects. This money will help him to purchase lumber and laminate to make repairs to his home.
His previous loan helped him purchase agricultural products for planting corn. He hopes to provide an even better quality of life for his family.
El crédito anterior le ayudo a comprar los insumos agrícolas para el cultivo de maíz. Su deseo es brindarle aun mas una mayor calidad de vida a su familia.
Previous Loan DetailsManuel needs a new loan for the gathering of his harvest and to pay for the manual labor. In this way he will be able to sell a portion of his harvest and use the rest for his family´s consumption. He is motivated in this work through the previous loans. They helped him to be able to buy… More from Manuel 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.
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About El Salvador
621View loans »
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Aug 13, 2013
- Aug 24, 2013
- Currency Exchange Loss:
- Sep 23, 2013
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.