Update on Jose NoeJosé is requesting a loan once again, since he would like to continue strengthening his business. On this occasion, he wants to buy powder, beverages, and home products so that he can fulfill the demand from his customers.
These loans have allowed him to improve and to increase his sales and number of customers. He plans to be a good client and make his payments punctually so he can continue to enjoy the benefits of this service.
Estos préstamos le han permitido mejorar y contar con más clientes y ventas, espera ser buen cliente y pagar con puntualidad para seguir gozando de este servicio.
Previous Loan DetailsJose lives with his 1yr old child and his family. He has been running a store for 2 years, there he sells products such as: rice, beans, bread, eggs, condiments, and snacks to his friends and neighbors. His working hours are from 6AM - 7PM; this business has him working from home. He is… More from Jose Noe'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
- 14 months (Additional Information)
- Repayment Schedule
- Nov 23, 2011
- Dec 10, 2011
- Currency Exchange Loss:
- Apr 15, 2012
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.