Update on Jose RaulJose is asking for a new loan because he thinks that through this contribution he will improve his work capacity. Currently he needs to invest in the purchase of belts, discs, packaging and a tank to store water, as well as to pay laborers to improve the conditions of his mill. He will also mount a new gasoline motor that will help him on the days with the electricity goes out so that he can keep working.
The previous loan helped him to buy the motor for the mill and improve service to his customers. This has allowed him to continue his work and move forward with plans to improve.
El préstamo anterior y ayudó a realizar la compra del motor para el molino y asimismo mejorar el servicio a los clientes, esto le ha permitido mantenerse en el trabajo y continuar con planes de superación.
Previous Loan DetailsJosé lives in his own house. He has three children and a wife. He makes a living running a corn mill alongside doing other agricultural jobs. His work timetable is from 4:00am until 4:00pm. He has been in this business for five years. At this time he is requesting a loan to buy a diesel engine,… More from Jose Raul'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