Update on Jose DamianJose decided to take out a new loan to purchase the materials he will be using in his new crops of corn and beans. Buying fertilizer, herbicides, and insecticides is necessary to prevent maladies and plagues and at the same time to strengthen production of the corn and beans.
With the previous loan he was able to purchase the necessary materials for his crop which returned strong results and has provided his family with nutrition and money to cover necessary costs like school for his children.
Con el préstamo anterior logró comprarse los materiales necesarios para el cultivo, del cual recibió una buena producción que le ha permitido los alimentos a su familia y cubrir los gastos necesarios como el estudio de sus hijos.
Previous Loan DetailsJosé is a farmer. He grows corn and beans and also raises livestock. He lives in the company of his wife and two-year-old son. José has worked with livestock and in farming for ten years having learned from his father; to date he’s happy with his occupation. He is currently asking for a loan… More from Jose Damian'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