Update on Jose LucioJose has decided to request a loan to continue investing in planting basic grains. He knows that at the start of the season, he will incur costs for fertilizer, herbicides, and the payment of raking the land that are necessary so that he can plant corn. This loan will be a big help with his farming activities. Jose does several type of work in order to improve his income.
The previous loan enabled him to have a positive effect on his harvests because the investment he made in farming inputs allowed him to improve quality and have better results. So, his family’s income has increased.
Con el préstamo anterior logró tener un efecto positivo en sus cosechas, ya que la inversión que realizó con los insumos agrícolas le permitió mejorar su calidad, ha tenido mejores resultados y por lo mismo sus ingresos han crecido para su familia.
Previous Loan DetailsJosé lives with his wife and daughters who are 12 and 16 years old. He’s been employed at a farming supplies firm as a salesman for the last three years. He manages to provide the basics for his home with his salary relying on his wife to help him get ahead. At present, he needs a loan to… More from Jose Lucio'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