Update on Jose VidalJosé has decided upon a new loan due to the need to invest more in his business. He will buy fertilizer to finish fertilizing the rotating crops which are currently growing. This will serve as an added factor to strengthen his plantings, and he will also apply insecticides and pesticides.
The previous loan permitted him to grow and have what he needed to work and cultivate his crops. Through this work he is able to maintain his family in adequate conditions and earn the income he needs.
El préstamo anterior le permitió crecer y tener lo necesario para trabajar, realzando su cultivo, a través de este trabajo logra tener en su familia las condiciones adecuadas y los ingresos necesarios.
Previous Loan DetailsJosé lives with his wife, his mother and brothers, all who work in the family. He is a farmer, who began to plant only maize and beans, which serves to feed them and also to be sold, generating cash income. He is requesting a loan to purchase agricultural inputs such as seed, manure and… More from Jose Vidal'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 7, 2012
- Dec 26, 2012
- Currency Exchange Loss:
- Sep 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.