Update on Jose GabrielJosé is requesting a new loan because he believes that the support of the institution is good, and also that these loans are very helpful to him in covering his business needs.
He continues to work in his agriculture business growing crops, so he will use these funds to buy fertilizer and herbicides to apply to his new crops.
José believes that the previous loan helped him to make his farming business succeed - he achieved a good harvest which helped him to help his family.
Él considera que el préstamo anterior le ayudo para que realizara su trabajo agrícola, obtuvo buenas cosechas y con ello le ayudo a su familia.
Previous Loan DetailsJosé lives with his wife and child. He is the only member of his family who works. José is a farmer who grows basic staples. His father taught him this trade, which he has now engaged in for many years. He does not work on a set schedule.
José will use this loan to buy fertilizers for… More from Jose Gabriel'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
- Feb 10, 2012
- Mar 10, 2012
- Currency Exchange Loss:
- Oct 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.