Update on Jose ArquimidesJosé has decided to request a new loan because he needs money to invest in growing basic grains. First he will rent the plot of land and then he will buy agricultural supplies such as fertilizer and herbicides, which are needed for this type of operation.
José used his previous loan to buy agricultural materials, and with his agricultural work he is paying for the needs of his family, which has not increased in size. He says that it is thanks to his Kiva loan that he is working.
Él manifiesta que el aporte del préstamo anterior lo utilizo para los materiales de la agricultura, con su trabajo está cubriendo las necesidades en su familia, no ha aumentado sus miembros, gracias al crédito Kiva se encuentra trabajando.
Previous Loan DetailsJosé requests a loan because he’s once again starting to plant basic grains and needs supplies to prevent infestations and that strengthen production. He will buy 8 sacks of manure among which will be four of formula and four of sulfate; he’ll also buy herbicide. He states that the previous… More from Jose Arquimides'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