Update on Jose HoracioJosé 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.
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 DetailsJosé 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 »
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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Apr 24, 2013
- Apr 28, 2013
- Currency Exchange Loss:
- May 18, 2014
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.