Update on Jose AmadeoJosé has opted for another loan to continue doing his agricultural work. He will buy supplies like manure, herbicide and seeds because he’s planning on planting squash and corn. This loan will help him have everything he needs to do his work. He was able to use the previous loan to buy what he needed and the effect was positive in that he was able to plant. Today, he will be planting one and a half manzanas [Central American unit of land measurement] of land. His family has maintained a good economic level and his corn crop yield was quite acceptable.
En su préstamo anterior, logro comprarse lo necesario con los fondos prestados, teniendo un efecto positivo ya que hizo la respectiva siembra, hoy quiere realizarla en manzana y media de terreno, su familia ha mantenido un buen nivel en lo económico, su producción de maíz estuvo bastante aceptable.
Previous Loan DetailsJosé is a farmer who lives in his own house with his son. He earns his living growing corn and beans. He manages to live on the harvest and the sales help him bring in even more profit. José is getting ready to start planting corn and plans to use this loan to buy farming supplies, includi... More from Jose Amadeo'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
- 14 months (Additional Information)
- Repayment Schedule
- Sep 4, 2012
- Sep 27, 2012
- Currency Exchange Loss:
- Oct 17, 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.