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Jose Horacio

Update on Jose Horacio

José is applying for a new loan because he needs more working capital to grow corn and beans. This will allow him to buy agricultural supplies such as compost, herbicides, pesticides, and insecticides.

The previous loan generated good earnings for him, since he managed to acquire agricultural materials and also contribute to his family. Their economic conditions have improved, and his wish is to improve his house and also support his children until they finish their studies.
View original language description ↓
José, solicita un nuevo préstamo porque requiere de más capital de trabajo en el cultivo de maíz y frijol; este le permitirá comprar insumos agrícolas tales como: abono, herbicidas, plaguicidas, insecticidas, pesticidas.
El crédito anterior le genero muchas ganancias, ya que logro adquirir materiales agrícolas y también aporto para su familia. Las condiciones económicas han mejorado y su deseo es mejorar la vivienda, asimismo apoyar a sus hijos hasta que terminen sus estudios.

Previous Loan Details

José grows corn and beans and also raises pigs. He lives with his children who are 8 and 10 years old. He’s been planting for the last 15 years and works every day from 6am until 3pm. To date he’s had no problems with his activity. He’s asking for a loan to pay the land lease because he’s... More from Jose Horacio'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

  • $7,500
    Average annual income
  • 811
    View loans »
    El Salvador Loans Fundraising
  • $25,685,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Horacio to buy compost, herbicides, pesticides, and insecticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 24, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
N/A
Ended:
May 18, 2014
This photo was used before for a previous loan for Jose Horacio. It was first posted on Kiva on May, 2012. Learn More