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Jose Salvador

Update on Jose Salvador

José is requesting a new loan in order to buy merchandise such as oil, beans, rice, eggs, and sausages so that he can strengthen his business. Due to managing his loans well in the past few months, he has improved his sales by offering his customers a variety of products. This has helped to increase his potential. The area he believes he has not improved is in terms of his obligations and his household expenses.
View original language description ↓
José, está solicitando un nuevo préstamo para la compra de mercadería aceite, frijoles, arroz, huevos, embutidos, para fortalecer el negocio ya que debido al buen manejo de sus préstamos estos meses han sido los mejores en venta, pues ha ofrecido a los clientes una variedad de productos tiendan a incrementar su potencial. El considera no ha mejorado frente a las obligaciones y gastos del hogar.

Previous Loan Details

José lives with his family: his wife and two children. He runs a store, along with his wife who was the one who gave him the idea of going into business. They have no fixed schedule and have been heading up the business for several years. He is seeking the loan in order to buy rice, beans, oil,… More from Jose Salvador'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
  • 442
    View loans »
    El Salvador Loans Fundraising
  • $22,741,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jose Salvador to buy oil, beans, rice, eggs, and sausages.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 10, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Jose Salvador. It was first posted on Kiva on Jul, 2011. Learn More