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Miguel Fabio

Update on Miguel Fabio

Miguel Fabio is 35 years old and lives with his wife and children in a home of his own. He raises corn and beans and also works as a mason so that he can pay the household expenses. He’s been a farmer for many years and he is proud because he has gained lots of experience that allows him to improve his harvests. He has his own farmland located in an agricultural zone, gets his family’s support, and they help him sell in all of the surrounding areas because he has many customers and people prefer to buy from him because of his good prices and service.

Miguel is an enterprising man, always dedicated to his work with a desire to succeed. He had some losses last season and he was not able to make his expected earnings, but this year he wants to increase his production and recover, but he needs capital to back him because he makes all of his purchases in cash. He decided to request a loan through INTEGRAL so he can buy corn, bean, and rice seeds, tools, etc.

Miguel Fabio is responsible, with good credit references, and he is certain that he will be able to repay this loan and at the same time provide a better quality of life for his family.
View original language description ↓
Miguel Fabio de treinta y cinco años de edad vive junto a su compañera de vida y sus hijos en casa propia , él se dedica al cultivo de maíz y frijol, al mismo tiempo se dedica a la albañilería para complementar los gastos del hogar tiene muchos años de dedicarse a la agricultura y se siente orgulloso porque ha logrado obtener mucha experiencia que le permitirá día con día mejorar sus cosechas, las tierras de cultivo son propias y están ubicadas en una zona muy agrícola, el recibe todo el apoyo de su familia ellos le ayudan a comerciar en todos los lugares aledaños ya tiene mucha clientela pues la gente lo prefiere por la calidad del producto por los buenos precios y por el buen servicio; Miguel es un hombre emprendedor, dedicado a su labor siempre esta con las ganas de superarse y llegar al éxito, la temporada pasada tuvo pérdidas y no logró las ganancias esperadas, por eso para esta siembra quiere aumentar la producción y recuperarse pero necesita de capital que lo respalde porque todas sus compras son al contado, es así como decidió solicitarle a INTEGRAL un crédito que le permita comprar semilla de maíz, frijol, arroz, fertilizante, herramientas etc. Miguel Fabio es responsable con buenas referencias crediticias tiene la certeza que podrá cancelar el financiamiento y a la vez darle a su familia una mejor calidad de vida.

Previous Loan Details

Miguel Fabio is thirty-four years old and lives with his wife and their children. He works in the agricultural sector, specifically the cultivation of corn and beans. The years of working [in this field] have given him the valuable experience that has allowed him to obtain the best harvests. T... More from Miguel Fabio's previous loan »

Additional Information

More information about this loan

This loan is part of Apoyo Integral's program to help subsistence farmers located in high-risk regions of El Salvador, including coastal strips, river banks, and volcano fault lines. The program, which offers reduced interest rates, targets farmers who don't qualify for formal funding due to their low-income and geographical risk. By funding this loan, you are helping Apoyo and a local non-governmental organization extend risk-tolerant credit to even more farmers.

About Apoyo Integral

Apoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.

Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.

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
  • 441
    View loans »
    El Salvador Loans Fundraising
  • $31,312,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Miguel Fabio to buy seeds and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Jan 12, 2013
Jan 22, 2013
Currency Exchange Loss:
Feb 21, 2014
This photo was used before for a previous loan for Miguel Fabio. It was first posted on Kiva on Sep, 2012. Learn More