Update on Jose DavidJosé is requesting a loan because he needs to buy a cow. He also needs to buy manure for the crops. This loan will give him the resources needed to continue working in agriculture and with livestock.
José’s previous loan had a positive effect. He was able to sow his crops in order to survive and create income through the sale of basic grains. His financial condition is stable.
Con el préstamo anterior, José tuvo un efecto positivo, pudo hacer la siembra, para subsistir y crear ingresos a través de la venta de granos básicos, su condición económica es estable.
Previous Loan DetailsJose lives with his wife and their two children of 14 and 18 years of age. The house with they live in is of the family. Twenty years ago he began making a living cultivating corn and beans, and receives support from his children. He is requesting a loan to purchase fertilizer, herbicide and ... More from Jose David'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
- Jan 18, 2013
- Jan 29, 2013
- Currency Exchange Loss:
- Oct 17, 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.