Update on Jose AstulJosé is asking for a new loan because he needs more working capital in order to continue working in farming. This will allow him to buy fertilizer, herbicides, insecticides, and pesticides in order to begin planting corn and beans.
He bought the necessary agricultural supplies with his previous loan in order to finish the planting. His living conditions have improved, as he has been able to contribute towards helping his children with school expenses.
El préstamo anterior adquirió lo necesario de materiales agrícolas para llevar acabo la siembra. Las condiciones de vida han mejorado, ya que ha podido aportar para ayudarles a sus hijos con los gastos del estudio.
Previous Loan DetailsJosé has two children, ages 6 and 3. He lives with his wife and he is a farmer. He has been harvesting corn and beans for 30 years, and he learned how from his parents. He works every day, or depending on the season, his schedule is from 6:00 am to 3:00 pm. He needs to rent the land where he will… More from Jose Astul'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
615View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- Apr 11, 2013
- Apr 18, 2013
- Currency Exchange Loss:
- Oct 21, 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.