Update on Jose EliseoJosé decided to apply for a new loan so that he could invest in his business. His intention is to grow his farm by purchasing small chickens for fattening. This will increase his potential in hopes of generating more sales.
His previous loan resulted in improvements to the facilities on his farm. He purchased materials and was able to grow his farm, which strengthened his sales and improved his family's financial earnings.
El efecto que tubo con el préstamo anterior fue mejorar las instalaciones de la granja, comprandose los materiales y ademas logro crecer en la granja, teniendo el fortalecimiento en sus ventas, y los ingresos económicos en su familia han sido mejor.
Previous Loan DetailsDon José is a 56 year old man who resides in San Francisco Gotera, in the Department of Morazán. He lives with his wife, 5 children and 1 grandson. Don José makes his living raising poultry. He buys young chicks and feeds them up over 8 weeks, giving them vitamins, antibiotics and food, so that… More from Jose Eliseo'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
616View loans »
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Apr 30, 2012
- May 29, 2012
- Currency Exchange Loss:
- Jun 28, 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.