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Jose

Update on Jose

José has decided to request a new loan since he is beginning to plant corn and chili peppers. For this reason he needs to use the loan to rent land, where later he will be working. He believes that through these loans he has managed to maintain his crop production, especially since the loans provide him with the money he needs to purchase materials and to do his work.
View original language description ↓
José, se ha decidido por solicitar un nuevo préstamo, ya que está iniciando los cultivos de maíz y pipián, para esto necesita utilizar el préstamo en el alquilar del terreno, donde posteriormente estará trabajando, él considera que a través de estos préstamos ha logrado mantener la producción del cultivo, ya que se le proporciona el dinero necesario para comprar los materiales y realizar su labor.

Previous Loan Details

José lives with his wife and two children. He is a farmer, and he has been engaging in agriculture for more than 20 years, growing chilies and maize. He learnt from his father who has been working in the agriculture field since he was young. The loan he is requesting will be used to buy manure f... More from Jose'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

  • $7,500
    Average annual income
  • 662
    View loans »
    El Salvador Loans Fundraising
  • $26,134,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose to rent land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 11, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012
This photo was used before for a previous loan for Jose. It was first posted on Kiva on Aug, 2011. Learn More