Update on Jose MarcosJosé continues to cultivate basic grains, but he is in need of operating capital. For this reason, he decided to request another loan so that he can pay for labor needed to remove the corn kernels off the cob.
José says that his previous loan generated positive results. He was able to increase his earnings, which enabled him to buy food and clothing for his children and invest in their education. His family is in better financial shape and in good health.
Manifiesta que el crédito anterior le dio resultados positivos ya que aumentaron sus ganancias y le sirvió para la compra de alimentación de sus hijos y también invirtió en educación, y vestuario. Esta mejor económicamente y está muy bien de salud.
Previous Loan DetailsJosé is requesting a new loan because he needs to invest in the cultivation of corn on two blocks of land, which he will carry out with his father. He will invest the loaned funds in five sacks of sulfate, three sacks of formula, herbicides, and insecticides, which are necessary to be able to car... More from Jose Marcos'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