Update on Jose IsraelJosé needs to buy soldering equipment for his shop. For this reason, he is requesting a loan so that he can complete this purchase. This equipment is essential for helping him do better work and provide better service to his customers.
José maintains his shop with whatever he needs. With his previous loan, he acquired a compressor that he uses each day for the work he performs in his shop. Thanks to this purchase, he was able to improve his clientele and his family’s financial situation.
Jose, mantiene en su taller lo necesario y con el préstamo anterior adquirió para su taller un compresor el cual utiliza diariamente para hacer su trabajo y gracias a ello ha mejorado la clientela y su situación económica para su familia.
Previous Loan DetailsJosé has been running an auto mechanic and body workshop for 15 years. He lives with his wife and their three children in his own house. He is requesting a loan to buy a compressor, an item he needs for the workshop: he hopes to improve the volume of his activity and the service to his customers... More from Jose Israel'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
- 20 months (Additional Information)
- Repayment Schedule
- Sep 20, 2012
- Oct 21, 2012
- Currency Exchange Loss:
- Nov 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.