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Jose Balmore

Update on Jose Balmore

José decided to request a new loan because he needs to increase his stock of clothing; he plans to buy blouses, skirts, children’s clothes and underwear hoping to improve customer preference. The loans have helped José increase sales because it’s helpful to have merchandise available for customers.
View original language description ↓
José, se decidió por una nueva solicitud, debido a la necesidad de aumentar el inventario de ropa, pues tiene planeado comprar blusas, faldas, ropa de niño y ropa interior, con la intención de mejorar la atención a los clientes, estos préstamos le han permitido a José un incremento en las ventas, ya que la disponibilidad de mercadería le ayuda para con los clientes.

Previous Loan Details

José, 28, lives with his wife and 3-year-old daughter. He sells clothes. He’s been in this business for three and a half years. He works as a street vendor. He and his wife wander through the streets from 7am until 2pm. He is asking for the loan to buy pants, blouses and children’s clothes... More from Jose Balmore'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
  • 478
    View loans »
    El Salvador Loans Fundraising
  • $23,334,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jose Balmore to buy clothing.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Nov 7, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012
This photo was used before for a previous loan for Jose Balmore. It was first posted on Kiva on May, 2011. Learn More