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Carlos Mario

Update on Carlos Mario

Carlo is still working in agriculture and requests a new loan to buy fertilizers, insecticides, herbicides, and manure to prepare the land and develop his plants. He hopes to have good results he had with his previous loan, such as greater production and greater income with which he can pay off his debt and offer his family better food, clothes, and health.
View original language description ↓
Carlos, sigue trabajando en la agricultura y solicita un nuevo préstamo para comprar fertilizantes, insecticidas, herbicidas y abono, para preparar la tierra y dar un buen desarrollo a sus cultivos. Espera tener los buenos resultados del crédito anterior como lo son mayor producción, mejores ingresos con los que pudo cancelar su deuda y ofrecer a su familia una mejor alimentación, vestuario y salud.

Previous Loan Details

Carlos needs more working capital to keep investing in agriculture, so he needs a new loan. This will help him buy agricultural supplies like manure, herbicides, and insecticides, among other things to prepare the land. The previous loan was very helpful, because he was able to increase his corn ... More from Carlos Mario'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.

About El Salvador

  • $7,500
    Average annual income
  • 768
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Carlos Mario by fertilizers, insecticides, herbicides, and manure.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 24, 2014
Listed
Jul 18, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015
This photo was used before for a previous loan for Carlos Mario. It was first posted on Kiva on Aug, 2013. Learn More