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Jose Miguel

Update on Jose Miguel

José has decided to apply for a new loan, because he likes the service he has received. Also, with these loans he is managing to do what he can't pay for with his normal income.

He will buy power poles and cable for bringing power in from the street, so that he can keep his patio and driveway lit, avoiding any risk of crime.

He had a positive experience with the previous loan; improving his business, and his family's living conditions.
View original language description ↓
José, se ha decidido por un nuevo préstamo, ya que le parece el servicio que ha recibido y además que con estos préstamos logra realizar lo que con su ingreso normal no puede cubrir. Él comprara postes de energía eléctrica y cables con ellos instalara la energía de calle, para mantener alumbrado su patio y calle, evitando cualquier riesgo delincuencial.
Él tuvo un efecto positivo con su préstamo anterior, mejorando su negocio y las condiciones de su familia.

Previous Loan Details

José runs a metal shop. He lives with his wife and three children, ages 5, 6, and 8, all of them dependent. He works making stoves and other metal furnishings. He sells all of his products in the market. Currently he is requesting a loan to buy sheets of metal, pipes, and iron to make stove... More from Jose Miguel'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
  • 704
    View loans »
    El Salvador Loans Fundraising
  • $25,104,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Jose Miguel to buy power poles and cable.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Jose Miguel. It was first posted on Kiva on Dec, 2011. Learn More