Update on Jose AdolfoJosé is seeking a new loan in order to buy livestock for his farm. He will buy a number of calves which he will raise and then sell in the future, thus making a profit.
His experience with his previous loan was positive since he was able to increase his flock. He has been able to continue to sell his livestock, and at the same time he has improved his family situation and provided increased income.
Su experiencia con el préstamo anterior fue positiva ya que le aumentó el hato ganadero, se ha mantenido comercializando con sus clientes y al mismo tiempo ha mejorado su situación en la familia proveyendo mejores ingresos.
Previous Loan DetailsJose is a farmer. He’s 29 years old and lives with his wife and two children, four years old and six months old. He owns his home. Jose learned farming from his father. When he was very young he used to help his father. He’s had his own corn field for five years. He is asking for this loan… More from Jose Adolfo'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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