Update on Jose AlexanderJosé is requesting a new loan because he needs more work capital for his crop activity. This will allow him to buy fertilizer, herbicides and insecticides for his corn and bean crops.
The previous loan helped him buy farm supplies; and the profits helped support the family. His economic situation has improved, enabling him to provide for his household.
El préstamo anterior le ayudo a comprar insumos agrícolas y con las ganancias ha logrado aportar para la familia. Las condiciones económicas han mejorado ya que le ha permitido brindar ayuda al hogar.
Previous Loan DetailsJose is applying for a loan that he will use for his next crop. He needs supplies--fertilizer, herbicides, insecticides, etc.--that will increase his yield and protect his crop from disease and pests. He says that your loans are helping him to increase his production and improve his business. ... More from Jose Alexander'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
490View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Mar 26, 2013
- Apr 12, 2013
- Currency Exchange Loss:
- Aug 18, 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.