Update on Jose EribertoJosé 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.
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 DetailsJosé 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 his… More from Jose Eriberto'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
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Success!! The loan was 100% repaid
- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- Oct 6, 2011
- Nov 6, 2011
- Currency Exchange Loss:
- Feb 15, 2013
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.