Update on Jose MiguelJosé has decided to request a new loan in order to increase production and his earnings. On this occasion, he wants to grow some vegetables for which he needs to buy necessary items such as pipian squash, tomato and onion seeds, which he will cultivate in the new season.
He believes that his yield has increased, and as a result he has managed to sell produce for a greater profit and provide his family with other foods with his earnings. His and his family's quality of life has improved and he has been able to buy some necessary household appliances.
El considera que su producción ha mejorado, con esto ha logrado vender un mayor margen, para poder proveer a su familia otro tipo de alimento con los ingresos que recibe, su calidad de vida junto a la de su hogar ha mejorado y ha logrado adquirir unos electrodomésticos necesarios.
Previous Loan DetailsJosé lives with his family. He has a partner and two children ages 8 and 9. He works in agriculture in order to provide for his family's daily bread. He is requesting a loan for the purchase of supplies so that he can have a better harvest. He will buy fertilizer, herbicides, and everything… More from Jose Miguel'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:
- 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.