Update on Jose MarcosJosé needs a new loan as he wishes to buy supplies such as fertilizer and herbicides for his corn and bean plants. It is from his farm income that he has managed to support himself and his family.
José believes that his previous loan has had a beneficial effect on production. He also succeeded in selling part of his harvest for income. This new loan is providing further motivation, and José hopes for even more benefits.
Él considera que ha tenido un efecto positivo en la producción de sus cultivos, tambien logro vender parte de la cosecha, para tener ingresos, José está motivado con este nuevo cultivo que se le avecina, esperando sea provechoso.
Previous Loan DetailsJosé is a farmer. He lives with his wife and children. The entire family helps each other out. From a very young age he’s been growing corn and beans. This activity has made it possible for him to support his family and, more importantly, this same production has fed them. He is asking fo... More from Jose Marcos'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
- Jan 6, 2012
- Feb 8, 2012
- Currency Exchange Loss:
- Mar 16, 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.