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Rene Arcides

Update on Rene Arcides

Rene is expanding his business and has decided to ask for another loan to buy compost, insecticides, pesticides and three calves to raise and sell. It would be a great help to his business as it would give him good results, just like the last loan did. With his last loan his sales increased, his harvest produced better quality grains and he could pay for his business.

He continues working so he can get the income he needs to pay for his children’s studies. It is important to him that they get a university education.
View original language description ↓
Rene, está ampliando su negocio y ha decidido solicitar otro crédito para comprar abono, insecticidas, plaguicidas y 3 terneros para criarlos y luego venderlos, será de gran ayuda para su negocio pues tendrá buenos resultados como en el crédito anterior, ya que sus ventas aumentaron, los granos de su cosecha son de mejor calidad y cancelado sus negocios.
Sigue trabajando para que su negocio esté dando los ingresos que necesita para apoyar a sus hijos en sus estudios, para él es importante que tengan educación universitaria.

Previous Loan Details

René is a cattle farmer as well as engaging in planting corn and beans. He lives with his family and he has three children aged 9, 17 and 21. He has been engaging in this activity for 15 years, he has learned it form his parents and up to know he has had no problems. The loan he is requesting will… More from Rene Arcides's previous loan »

Additional Information

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

  • $4,900
    Average annual income
  • 615
    View loans »
    El Salvador Loans Fundraising
  • $22,145,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rene Arcides to buy compost, insecticides, pesticides and three calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014