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Jose Martin

Update on Jose Martin

Owing to his need to improve his home and the good service he has received from our institution, José has decided to request another loan. This loan will be used to repair his home. He needs to buy cement, bricks, sand and iron. This will enable him to provide better security for his family. His previous loan helped him to buy more merchandise (clothing) and his family are living in better conditions than they were before.
View original language description ↓
José, debido a la necesidad de mejorar su vivienda y por la buena atención de nuestra institución se ha decidido a solicitar otro préstamo, esta vez para reparar su vivienda la cual necesita comprar: cemento, ladrillos, arena, hierro y de esa forma podrá tener mejor seguridad para su familia. El préstamo anterior le ayudo pudo comprar mas mercaderia de ropa y de esa forma su familia vive en mejores condiciones de vida que anteriormente.

Previous Loan Details

José, 43, lives in San Rafael Orient, San Miguel department. He sells clothes and medicine. He lives with his wife and four children who are 10, 8, 6 and 4 years of age. He’s the only one who works to support the family. He started the business several years ago. Some merchant friends help... More from Jose Martin'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About El Salvador

  • $4,900
    Average annual income
  • 691
    View loans »
    El Salvador Loans Fundraising
  • $25,077,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Jose Martin to buy cement, bricks, sand and iron.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2011
Listed
Jan 5, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Jose Martin. It was first posted on Kiva on Feb, 2011. Learn More