Update on Jose VidalJosé is once again interested in applying for a loan to work, since the planting has started. For this, he needs financial support and to buy fertilizer and corn seeds. With these supplies, he will be able to start a new farming season. The effect of the previous loan was positive. It improved the productivity of the land. It gave him better profits and income from the sale of the harvest, and improved conditions for his family.
El efecto que tuvo con el préstamo anterior fue positivo, mejoro la productividad de la tierra, le dio mejores beneficios, sus ingresos por la venta de la cosecha y las condiciones en su familia.
Previous Loan DetailsJosé lives with his family, his wife and a son. The son is 23 years old. He does not have relatives living abroad. He has been working since he was 35 years old as small farmer. His schedule is from 7 to 12 pm. He has applied for a loan to invest in growing corn on two manzanas of land (about… More from Jose Vidal'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
- 10 months (Additional Information)
- Repayment Schedule
- Feb 4, 2013
- Mar 3, 2013
- Currency Exchange Loss:
- Dec 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.