Update on Erick JoelErick again is requesting capital to buy fertilizer, seed, herbicides, pest control, insecticides and to pay for the rent of the land where he cultivates maize and pipían (type of squash) with which he will maintain the stability of his business and his earnings.
With the previous loan, he had agricultural materials to plant and the money to pay for the rent of the property. His income improved and it has allowed him to buy a vehicle, to change his family's living situation ,as well as also pay his debts.
Con el financiamiento anterior tuvo los materiales agrícolas para sembrar y el dinero para cancelar el alquiler de la propiedad, sus ingresos mejoraron y le han servido para comprar un vehículo, cambiar las circunstancias de vida familiar así como también para ir cancelando sus deudas.
Previous Loan DetailsErick is married and lives with his wife and two children aged 1 and 2 years old. As a responsible father in charge of providing for his family so that they don't go without, he grows basic grains and pipian (a squash). He learned this from his father. He works from 6 am until 2 pm. His wife help... More from Erick Joel'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
- 8 months (Additional Information)
- Repayment Schedule
- Jul 8, 2014
- Jul 27, 2014
- Currency Exchange Loss:
- Jan 17, 2015
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.