Update on Jose MiguelJosé 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.
Él tuvo un efecto positivo con su préstamo anterior, mejorando su negocio y las condiciones de su familia.
Previous Loan DetailsJosé 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 stoves,… More from Jose Miguel'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
- 26 months (Additional Information)
- Repayment Schedule
- Jan 25, 2012
- Feb 13, 2012
- Currency Exchange Loss:
- Sep 15, 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.