Update on Jose AntonioJosé is requesting a loan to invest it once again in the purchase of food products such as meat, vegetables, dressings, oil and basic grains such as rice and beans, as these are ingredients he needs to prepare his daily menus.
He has obtained good results from his previous loan: he has been able to stock up his inventory thus improving the quality of the food for his customers, and this has granted him a better income to provide for his family.
Su resultado con el préstamo anterior fue positivo, ya que su inventario aumentó y la disponibilidad de comida para los clientes también fue mejor, estaría proveído mejores ganancias para su familia.
Previous Loan DetailsJosé lives with his wife and two adult children in the same house. As a family they run a restaurant. They have had the business for 15 years, since it is recognized by customers and has developed in the market. Currently he is requesting a loan to buy furniture for the restaurant, such as… More from Jose Antonio'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
- 20 months (Additional Information)
- Repayment Schedule
- May 25, 2012
- Jun 17, 2012
- Currency Exchange Loss:
- Apr 19, 2013
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.