Update on Jose ReynaldoJosé decided to seek a new loan because he needs to invest in collecting his harvest of basic foods, since he has to pay for labor and a corn shelling machine. This will help him to have his harvest ready for consumption.
The result that he had from the previous loan was an increase in productivity, with which he was able to make sales and generate income that helped him to feed his family. Thanks to the loans, he is improving his economic condition.
El efecto que tuvo con el préstamo anterior fue un aumento en la productividad con lo que ha podido vender y generar ingresos que le ayudan a la alimentación de la familia, gracias a los créditos está mejorando sus condiciones económicas.
Previous Loan DetailsJose is a farmer who lives with his wife in their own house. His work is in agriculture: he has sown corn for some time, and this work has helped him pay for family necessities. At present, he needs a loan to buy manure and fertilizers. With these supplies he will be able to prepare his farm l... More from Jose Reynaldo'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 12, 2012
- Dec 29, 2012
- Currency Exchange Loss:
- Jul 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.