Update on Jose FernandoJosé needs a new loan to keep working, since he needs to pay for the rent of a plot of land where he will carry out the planting for the next season. He will also pay for truck service for the delivery of the previous crops to his home..
This loan will help him carry out the purchase of inputs. With the previous loan, he succeeded in carrying out his work, cultivating corn and beans. With the earnings, he has been able to help his family. He is continuing to carry out his work, supporting his children with their studies.
Este crédito le ayudara a realizar la compra de insumos, con el préstamo anterior logro realizar su trabajo en el cultivo de maíz y frijol, con las ganancias ha logrado ayudar a su familia, él continua realizando su trabajo, apoyando a sus hijos en los estudios.
Previous Loan DetailsJosé is a farmer who lives with his wife and three children who are 7, 9 and 12 years old. He has been growing corn and bean crops for the last 15 years. He works every day, from 6.00am to 3.00pm. José is requesting a loan to buy fertilizer and herbicides for his corn and bean crops. This… More from Jose Fernando'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
- Dec 6, 2012
- Dec 26, 2012
- Currency Exchange Loss:
- Jun 18, 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.