Update on Jose CandelarioJosé decided to apply for this loan because he needs working capital to buy inventory and diversify by selling shellfish. He will use the loan to buy seafood, shrimp, and more to sell to his customers. He says his previous loan was very important because he was able to increase his business and help his family. His children are continuing their education, are eating better, and are healthy.
El dinero lo invertirá en la compra de pescado, camarones y otros para la venta a sus clientes, manifiesta que el crédito anterior le dio efectos muy importantes ya que el fortalecimiento de su negocio ha dejado resultados favorables para el hogar, sus hijos continúan con sus estudios y tienen una mejor alimentación y salud.
Previous Loan DetailsJosé lives with his three children, ages 8, 10 and 12, and his wife. He has been selling fish and shrimp for 15 years, working every day from 5:00 a.m. until 3:00 p.m. So far, he has not run into any inconveniences in his work. He is requesting a loan to buy different kinds of fish and diffe... More from Jose Candelario'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 20, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.