Update on Juan JoseJuan has decided to get a new loan because he thinks he has been able to improve with these loans. Now he is requesting a loan to pay the employees to harvest the corn crop. This is the second harvest that he has done through a loan. This will help him make the production be enough for his home.
He considers that the loan helps him get what he needs to be able to develop his agricultural business.
El considera que el préstamo le ayuda para obtener lo necesario y poder desarrollar su actividad agricola.
Previous Loan DetailsJuan lives with his wife and their two children. He is a farmer and he grows basic grains such as beans and maize. He learned this activity from his parents fifteen years ago, and he works Mondays to Sundays from 7 am to 3 pm. The loan he is requesting will be used to pay for laborers that will ... More from Juan Jose'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
- 5 months (Additional Information)
- Repayment Schedule
- At end of term
- Jan 27, 2012
- Feb 12, 2012
- Currency Exchange Loss:
- Apr 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.