Update on Jose NoeJosé has decided on a new loan in order to grow corn and beans. He wants to begin the season by renting the land where he will cultivate his crops. This will enable him to get a head start on preparations for planting.
He feels that through these loans he has been successful in sowing his fields since he is able to buy compost and herbicides, which are necessary for his crops. This work insures he is able to feed his family.
Él considera que a través del aporte de los prestamos, ha logrado realizar las siembras, comprando abono, herbicidas, que son los necesarios para el cultivo, este trabajo le asegura la alimentación en su familia.
Previous Loan DetailsJosé is asking for a new loan because he needs capital to continue with his work in agriculture because he’s planting corn and beans and needs to buy manure and herbicide to prevent infestations with. With help from this loan he will once again be able to carry out his agricultural process in the… More from Jose Noe'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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