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Jose Humberto

Update on Jose Humberto

José is applying for a new loan because he needs to invest more money in the production of basic foods. This will allow him to buy agricultural supplies such as compost, pesticides, herbicides, and insecticides, among other items.

With his previous loan, his income increased, and he invested it in household expenses. His economic condition improved thanks to the loan that Kiva granted him.
View original language description ↓
José, solicita un nuevo préstamo porque necesita invertir más dinero en la producción de granos básicos. Este le permitirá comprar insumos agrícolas tales como: abono, plaguicidas, herbicidas, insecticidas, entre otros.
Con el crédito anterior aumentaron los ingresos y estos los invirtió en los gastos del hogar. Las condiciones económicas mejoraron gracias al crédito que kiva le otorgo.

Previous Loan Details

José decided to request another loan. He’s about to start cultivating corn and he’ll need to buy manure, herbicides and seedlings to start planting. He knows these loans help him to improve his corn production, and thus, help him and his family. More from Jose Humberto'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
  • 571
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Jose Humberto to buy agricultural supplies such as compost, pesticides, herbicides, and insecticides, among other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013