Update on Jose AdanJose is asking for a new loan so that he can buy basic grains. This investment will allow him to buy farming supplies such as compost, insecticides, and herbicides for his crops and pay for labor.
The previous loan helped him increase production and he is able to invest the proceeds into the home and family. Financial conditions have improved and the family is doing well and is healthy.
El crédito anterior le ayudo a aumentar la productividad y las utilidades las invierte en los gastos del hogar y familiares; las condiciones económicas se han optimizado y las circunstancias familiares se mantienen y se encuentran bien de salud.
Previous Loan DetailsJosé is asking for a new loan for the cultivation of corn and beans. With these resources he will buy supplies in order to use them when planting such as fertilizer, maize seed, and pesticides to give him the security of improving his production and to have a healthy harvest. He believes the ... More from Jose Adan'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