Update on ArmandoArmando has to apply for a new loan because he needs more working capital to continue cultivating corn and beans. This investment will help him to buy farming materials such as fertilizer, herbicides, pesticides, pest controls and insecticides among others.
Sr. Armando notes that his former loan enabled him to buy agricultural supplies so that he could feed his family since his goal is always to support his children in their studies and to see to it that they have what they need.
Comenta el Sr. armando que el crédito anterior le permitió adquirir los insumos agrícolas y con ello logro garantizar la alimentación de su familia, ya que su sueño es siempre apoyar sus hijos en los estudios y que no les haga falta nada.
Previous Loan DetailsArmando lives with his wife; he has three children who are 13, 9 and 5 years old. He does not have any relatives abroad. He works growing corn and beans, an occupation he’s been in for 20 years. He learned from his parents and his work schedule is from six in the morning to three in the aftern... More from Armando'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
- 9 months (Additional Information)
- Repayment Schedule
- At end of term
- Sep 5, 2013
- Sep 16, 2013
- Currency Exchange Loss:
- May 18, 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.