Update on Jose MarianoJosé is seeking a new loan. He needs to invest in farming supplies so that he can plant his corn, and he currently does not have sufficient funds for this. He will use the loan proceeds to buy 8 sacks of fertilizer and to rent land for farming.
He reports that with his previous loan he was able to buy materials for planting and growing corn. This led to a profitable harvest. His household finances have improved, and is family is in good and stable health.
Manifiesta que con el préstamo anterior logro comprar materiales para invertirlo en la producción de maíz, de los cuales obtuvo una cosecha de la que genero ganancias, sus condiciones han mejorado en la economía del hogar, manteniéndose el grupo familiar con salud bien estable.
Previous Loan DetailsJosé lives in his own house with his wife and two daughters who are 13 and 9 years old. He’s a farmer and also a tailor. He’s been farming for 10 years having learned from his father. He works in what’s his and he likes the activity; he mentions also that he obtains corn needed to feed his… More from Jose Mariano'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