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Jose Herbert

Update on Jose Herbert

José is asking for a new loan as his job doesn't provide him with enough money to afford the necessary outgoings. He will buy tires for the maintenance of his moto-taxi as he uses it every day to make a living and to earn an income for his home. These loans help him by providing him with available cash, enabling him to afford his business expenses so that he can continue to make trips and offer a safer service to his customers.
View original language description ↓
José, está solicitando un nuevo préstamo, ya que su trabajo no le permite mantener la suficiente solvencia económica para realizar los gastos necesarios, actualmente comprará las llantas para darle mantenimiento a la moto taxi, ya que este medio de transporte es el trabajo que realiza todos los días y que le genera ingresos para su hogar; estos préstamo le ayudan para tener la disponibilidad económica y realizar sus gastos para continuar realizando viajes, ofreciendo un servicio más seguro a los clientes.

Previous Loan Details

José is married and lives with his wife and 2-year old daughter. He works transporting passengers in a motorized taxi, and has done so for the past 3 years to support himself. He now seeks a loan to buy spare tires for the taxi, a necessary purchase to provide reliable service and better condit... More from Jose Herbert'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

  • $7,500
    Average annual income
  • 783
    View loans »
    El Salvador Loans Fundraising
  • $26,231,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Jose Herbert to buy tires for his moto-taxi.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Jan 3, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012
This photo was used before for a previous loan for Jose Herbert. It was first posted on Kiva on Jul, 2011. Learn More