Update on Jose ReyneriJosé is requesting a new loan because he needs more operating capital and for the good service that PADECOMSM has provided. This loan will enable him to buy compost, herbicides, insecticides, and pesticides for his corn and bean crops of the 2013 season.
His previous loan was of great benefit since he was able to acquire farming supplies for his crops last season. The income generated from his production helped his children academically. José could also see his children grow since they did not lack any of their daily meals.
El crédito anterior le ha sido de mucho beneficio, ya que adquirio los insumos agricolas para la siembra anterior, de la produccion obtuvo ingresos para ayudar a sus hijos académicamente y verles crecer, que no les falte su alimentación diaria.
Previous Loan DetailsJosé needs a loan to enable him to start his farming work as he hires the plot of land where he is preparing to sow corn and bean crops. This loan will provide him with money to make his preparations and to secure the location. The previous loan helped him to buy the farming supplies that he u... More from Jose Reyneri'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