Update on Jose LucasJosé is requesting a loan because he is starting to plant his corn crops and he needs to buy supplies, such as fertilizer, pesticides, and needs to prepare the land. He will also buy spare parts, such as brakes, covers, pedals, and other things for his bicycle repair shop, allowing him to provide good service.
He says that the previous loan had a positive effect on his business and up to now he has been able to maintain his desire to succeed, to improve his workshop, and continue in hopes of developing himself with the help of various loans.
El manifiesta que el préstamo anterior le dio un efecto positivo a su negocio, hasta el momento han logrado mantenerse su deseo de superarse, de mejorar el taller, y continúa en la espera de poder realizarce a través de varios préstamos.
Previous Loan DetailsJosé farms and also repairs bicycles. He lives with his wife and a daughter. He learned farming from his father, and already has eight years doing it for his family's benefit. He learned to repair bicycles on his own initiative. He is requesting a loan in order to buy agricultural supplies, as… More from Jose Lucas'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