Update on Jose LucasJosé wants to stock his business, and to do this he is applying for a loan to buy what he needs to repair bicycles, such as sprockets, pedals, and seats. He is also getting ready to plant sorghum, and for this he will buy fertilizer, which will allow him to improve his work.
He states that with the last loan he succeeded in making the necessary investment. So far things have remained stable, and with his family as well. The income has served to cover the household expenses. He wants to construct a business location for his workshop.
Él manifiesta que con el préstamo anterior logro realizar la inversión necesaria, hasta el momento se ha mantenido estable, en su familia tambien, los ingresos han servido para cubrir los gastos del hogar, desea construir un local para el negocio del taller.
Previous Loan DetailsJosé 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 provid... 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