Update on MateoMateo recognizes that with the help of the loans he has a better income, and it is because of this that he is newly requesting a loan that will help him to purchase a calved cow and supplies to feed her. The previous capital was well-invested. It helped him to continue working and avoid dissolving the farm that he had.
For him it is satisfactory knowing that today his family already has better living conditions and are healthy.
Para él es satisfactorio saber que hoy su familia ya tiene mejores condiciones de vida, están saludables.
Previous Loan DetailsMateo is a country dweller who is honest and responsible. He raises pigs and grows basic grains. Mateo lives with his wife and two-year-old daughter. He occupies his time with farming activities, such as growing corn and beans, as well as raising cattle and pigs. Mateo begins his duties at 5a... More from Mateo'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
- 6 months (Additional Information)
- Repayment Schedule
- At end of term
- Sep 25, 2013
- Oct 24, 2013
- Currency Exchange Loss:
- Feb 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.