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Jose Fernando

Update on Jose Fernando

José has decided on a new loan because of the need to invest more in his agricultural business. He is ready to plant again, and to do so he needs to buy seeds and manure, rent the land, and clear the area where he plants. This loan will make it possible to do his work in the field.

He managed to have a positive effect with the previous loan. It helped him produce a ‘manzana’ [a land measurement unit equivalent to 7000 square meters] of corn. He got a good harvest, which he was able to store to feed his family. He also sold part of the harvest, and his family situation is stable.
View original language description ↓
José, se ha decidido por un nuevo préstamo, por la necesidad de invertir más en el negocio de la agricultura, pues se dispone a realizar una nueva siembra para la cual necesita comprar semilla, abono, arrendamiento del terreno y también limpiar la zona donde realizar este préstamo le dara la posibilidad de realizar su trabajo en el campo.

Con el préstamo anterior logró tener un efecto positivo, ya que le ayudó a producir una manzana de maíz obteniendo una buena cosecha para poder almacenar para la alimentación de su familia y también vender una parte, su condición en la familia se mantiene.

Previous Loan Details

José is dedicated to agriculture, sowing corn and beans. He is 55 years of age and lives with his wife and two children which help in his work. José has been dedicated to the cultivation of corn for more than 30 years, having learned from his parents, who already had great experience. He is… More from Jose Fernando's previous loan »

Additional Information

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

  • $4,900
    Average annual income
  • 439
    View loans »
    El Salvador Loans Fundraising
  • $22,756,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Fernando to buy seeds and manure and to rent the land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 19, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Jose Fernando. It was first posted on Kiva on Jun, 2012. Learn More