Update on Jose ManuelJosé wants to continue working which is why he’s asked for a new loan because he feels it’s his alternative to better do his work. With this money he will buy PVC tubing and connections to install water inside the house.
He states that the previous loan helped him cover the need for a water pump and for some family needs because with the pump he now just still needs to install the tubing to have water available inside his house.
He’s grateful for this contribution that has made it possible for him to fix his house so that his family will feel more comfortable.
El manifiesta que el préstamo anterior, le ayudo a solventar la necesidad de la bomba para el agua y algunas circunstancias en la familia,pues con la bomba solo instalara la tuberia para tener agua al alcance dentro de la casa, está agradecido por este aporte, que le ha permitido arreglar la casa, para que su familia se sienta más cómoda.
Previous Loan DetailsJosé is employed at a national hospital. He lives with his family on the property of a friend who has given him some space to live on her plot of land. He is a very hard-working person who has spent 23 years as an employee of the hospital and tending his position in the warehouse. He needs the… More from Jose Manuel'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
- 12 months (Additional Information)
- Repayment Schedule
- Mar 27, 2012
- Apr 17, 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.