Update on Jose AlejandroJosé is asking for a new loan because he needs more money to invest in the production of basic grains to help increase his income. This allows him to pay for renting land and for the purchase agricultural supplies like fertilizer, herbicides, insecticides, and pesticides to cultivate corn and beans.
With the earlier loan he increased the production and invested his profits in home expenses. His economic condition has improved and now his income is increasing with the investment he made.
Con el crédito anterior aumento la producción y sus utilidades las invirtió en los gastos del hogar. Las condiciones económicas han mejorar ya que los ingresos incrementaron con la inversión que realizo.
Previous Loan DetailsJosé works growing corn and sesame. He needs money to invest in the purchase of supplies to strengthen his crops; he will buy manure and herbicide to produce a good crop yield. His previous loan helped him attain increased crop production because he applied the necessary supplies. Income has… More from Jose Alejandro'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