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Jose Reynaldo

Update on Jose Reynaldo

Jose needs to invest in the cultivation of basic grains. For this reason, he has decided to request a new loan to purchase fertilizer and herbicides, and he will also rent land - a block of land - on which he will plant his new crop.

Jose is a farmer working with the help of loans. He feels that his production is expanding; this allows him to generate more revenue for his family and to cover family expenses, improving their living conditions through the loans from Kiva.
View original language description ↓
José, necesita invertir en el cultivo de granos básicos, por esta razón se ha decidido a solicitar un nuevo préstamo, para el que comprara abono, herbicidas, alquilara tambien el terreno, siendo una manzana de terreno, en el que se dispone a realizar el nuevo cultivo.
José es agricultor trabajando con la ayuda de préstamos, el considera que su producción está aumentando, esto le permite generar más ganancias para su familia y cubrir las necesidades de la familia, mejorando sus condiciones de vida a través de los créditos Kiva.

Previous Loan Details

José is requesting a new loan to continue investing in agricultural work. On this occasion he will use six sacks of manure and also herbicides and pesticides. He’s had an accident playing soccer. He was enjoying himself with his friends and neighbors when he fractured his hand. The new pl... More from Jose Reynaldo'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
  • 699
    View loans »
    El Salvador Loans Fundraising
  • $24,316,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Jose Reynaldo purchase fertilizer, herbicides, and lease land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013