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Jose Miguel

Update on Jose Miguel

José 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.
View original language description ↓
José, se ha decidido por un nuevo préstamo para poder aumentar la producción y mejorar los ingresos a su hogar, en esta ocasión se dispone a sembrar algunas hortalizas para las cuales comprara lo necesario como semillas de pipian, de tomate, de cebolla, que serán los que estará trabajando en la nueva temporada.

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 Details

José 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 nece... More from Jose Miguel'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
  • 700
    View loans »
    El Salvador Loans Fundraising
  • $24,324,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $350 helped Jose Miguel to buy pipian squash, tomato and onion seeds to sew.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Jose Miguel. It was first posted on Kiva on Oct, 2012. Learn More