Update on Jose EliasJose is seeking a new loan to pay for his college course which he has just started. This loan will help him pay for monthly expenses and other items such as school supplies. It will be a great help as he sets out on a new career path which will allow him to have better professional opportunities.
With his previous loan he succeeded in earning more money in his fast food business which his mother is now taking over as he has decided to go back to school. Jose hopes to carry on working and helping his mother through these loans and also to finish his further education.
Con el préstamo anterior logró tener buenos beneficios en el negocio de venta de comida rápida, hoy en día lo está realizando su madre ya que él se ha decidido por estudiar, espera continuar trabajando apoyando su madre a través de estos préstamos y que también pueda terminar sus estudios superiores.
Previous Loan DetailsJosé lives with his parents and siblings. He has worked as an assistant for Fosalud (a medical service company) for the past five years. José also decided to start his own business selling tacos, sandwiches, and burritos. He has operated his business for one year. His goal was to have two sou... More from Jose Elias'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