Update on RufinoRufino is seeking a new loan to invest in his farming business, since he is starting to plant for the new season. He grows corn and beans, for which he needs to buy compost and herbicides to prevent weeds and to fortify his crops.
He reports that with his previous loan he was able to invest in the materials he needed, which resulted in an increase in earnings and in his crop yields. Overall, conditions for his family have improved.
El manifiesta que con el préstamo anterior logro invertir en los materiales necesarios, por lo que continua en la crianza de ganado y en la producción agrícola. En su familia las condiciones del hogar han mejorado.
Previous Loan DetailsRufino is single and lives with his parents and a niece. He works growing corn and beans, but he is also employed by a renowned motorcycle company. Normally, he always farms during the winter months. He is now beginning the farming process, which is why he is requesting a loan to buy manure... More from Rufino'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
687View loans »
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- At end of term
- May 9, 2012
- Jun 8, 2012
- Currency Exchange Loss:
- Jul 8, 2012
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.