Update on Roberto AntonioRoberto needs to take out a new loan because he needs more working capital to continue to invest in his corn and squash crops so he will reap a good harvest. This investment will help him buy the farming supplies he needs, such as fertilizer, herbicides, pesticides, and insecticides, among others.
He tells us that his previous loan helped him get farming materials for his crop and his financial situation has improved. His wish is to support his daughter's education so she can get ahead and to improve their home.
Cuenta que con el crédito anterior le ayudo a adquirir los materiales agrícolas para el cultivo; asimismo las condiciones económicas han mejorado. Su deseo es ofrecerle el apoyo a su hija en sus estudios para que salga adelante y mejorar su vivienda.
Previous Loan DetailsRoberto needs to invest in his corn and squash crops. For this reason, he is requesting a loan to invest in buying fertilizers and herbicides which he will apply to his crops to prevent pests and strengthen production. He hopes to obtain good results from this investment. Roberto's previous ... More from Roberto 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
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Aug 15, 2013
- Aug 29, 2013
- Currency Exchange Loss:
- Aug 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.