Update on Jose HeribertoJosé has decided to apply for a new loan because he will carry out a new sowing of bulk grains for which he will buy manure, weed-killers, and other farming supplies that are necessary to carry out his work and continue providing food for his family.
José believes that through the loans his production has increased, considering that he has invested in the materials necessary to improve his production. With this he has fed his family, and he has also managed to sell some. Thanks to the KIVA lenders his economic situation has improved.
El considera que a través de los préstamos su producción ha aumentado, ya que ha invertido en los materiales necesarios para que esta producción sea mejor, de ella se ha alimentado su familia y también ha logrado vender una parte, gracias a los créditos KIVA ha mejorado su situación económica.
Previous Loan DetailsJosé, 21, is single and works growing corn to earn income and help his mother with expenses. He’s been working in this activity for three years having learned in on his own initiative since he grew up with his mother only and had to find a way to help her out economically. He’s starting a pla... More from Jose Heriberto'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 19, 2013
- Jan 29, 2013
- Currency Exchange Loss:
- Sep 18, 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.