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Jose Eriberto

Update on Jose Eriberto

José is requesting a new loan because he wants to strengthen his business. He has a pig sty that is expanding. He managed his previous loan successfully and repaid it on time. José completed the harvesting of his crops, part of which was sold at a good price. At the moment, this loan request will be used to buy three more pigs. With this purchase, he wants to increase his availability of pigs so that he can continue to provide his family everything they need. With the support of these loans, his condition will be transformed over time.
View original language description ↓
José, está solicitando un nuevo préstamo porque quiere fortalecer el negocio, creciendo con la granja de cerdos, él administro bien el préstamo anterior, pago puntualmente, realizo el cultivo y de las cosechas una parte la vendio a buen precio y por el momento la solicitud es para comprar 3 cerdos más.
Con la compra quiere aumentar la disponibilidad de esta especie y continuar proveyendo para su familia todo lo necesario, ya que poco a poco con el apoyo de los préstamos, su condición esta cambiando.

Previous Loan Details

José Eriberto is 58 years old and he lives with his live-in partner, María Elena, and their 6 children in the Corinto municipality in the Morazán department. He engages in agriculture and stockbreeding; on top of that he also sells clothes. Eriberto was taught how to plant maize and beans from h... More from Jose Eriberto'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

  • $4,900
    Average annual income
  • 593
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Jose Eriberto to buy three pigs.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Nov 6, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Jose Eriberto. It was first posted on Kiva on Jul, 2010. Learn More