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Update on Alvaro

Alvaro is requesting a new loan because he needs to invest in his production of basic grains. He will be able to buy compost and corn seeds.

His previous loan helped with increasing his production and his earnings. The profits were invested in his household expenses. His family’s circumstances have improved, as well as their financial condition.

View original language description ↓
Alvaro, solicita un nuevo préstamo porque necesita invertir en la producción de granos básicos. Este le permitirá comprar abono y semilla de maíz.
El crédito anterior le ayudo a aumentar la producción, incrementaron los ingresos, estos los invirtió en los gastos del hogar. Las circunstancias familiares han mejorado, asimismo las condiciones económicas.

Previous Loan Details

Álvaro, 52, is a farmer who sows corn and sesame. He lives with his wife and two children, aged 19 and 7 years old. They rent their home. He has been a farmer for 30 years, learning the ropes from his parents. He is requesting a loan to buy 6 bags of manure, 4 bags of sulfate and 2 bags of formu... More from Alvaro'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
  • 497
    View loans »
    El Salvador Loans Fundraising
  • $31,356,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Alvaro to buy compost and corn seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Apr 4, 2013
Apr 14, 2013
Currency Exchange Loss:
Sep 18, 2013
This photo was used before for a previous loan for Alvaro. It was first posted on Kiva on Jun, 2012. Learn More