Update on Jose MarcosJose has decided to continue to work, using a loan, as he needs to invest in additional supplies in order to grow basic grain; he would purchase fertilizer and plants that he would use to protect the crops from pests. He states that his income has improved as a result of his using loans. The harvest has increased which has allowed him to buy food and clothing. Jose and his family are healthy and have improved their standard of living.
Él manifiesta que sus ingresos han sido mejor con la utilización de los créditos, aumentando la cosecha, le ha dado la capacidad para comprar alimento y vestuario; su familia y José se encuentran muy bien de salud, han mejorado su economía.
Previous Loan DetailsJosé needs a new loan as he wishes to buy supplies such as fertilizer and herbicides for his corn and bean plants. It is from his farm income that he has managed to support himself and his family. José believes that his previous loan has had a beneficial effect on production. He also succeeded... More from Jose Marcos'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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