Update on Jose RudyCurrently, José is managing his workshop part-time and also selling fruits and vegetables on a wholesale basis. He travels to other areas to make his sales. He needs another loan to continue working with the fruit selling business, buying fruits such as mangoes, tamarind, bananas, etc. His reason for requesting another loan is that he needs to invest more and improve his sales.
The previous loan was of great help to him, since it allowed him to invest in his workshop, buying the tools he needed for his work. His circumstances have improved, and his family is doing better economically.
El crédito anterior fue de gran ayuda ya que le permitió invertir en el taller comprandose las herramientas necesaria para trabajar, sus circunstancias han cambiado, los familiares económicamente están mejor.
Previous Loan DetailsJosé runs an electronic equipment repair shop. He lives with his wife and two children. His family depends on him. He learned this work on his own initiative, working in his house at home. He does not have a fixed schedule. He is requesting a loan to buy tools for work, since he has to buy… More from Jose Rudy'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
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Aug 17, 2012
- Sep 21, 2012
- Currency Exchange Loss:
- Mar 25, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.