Update on Jose EliseoJosé is requesting a new loan since he needs more working capital to invest in the business. This will allow him to purchase chickens, feed, and supplies to raise them such as crecemur, punemar, and others.
His last loan helped him increase his sales and grew his income. His financial situation and family circumstances have improved.
El crédito anterior le ha ayudado a aumentar las ventas y un crecimiento en las utilidades; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsDon José is a 56 year old man who resides in San Francisco Gotera, in the Department of Morazán. He lives with his wife, 5 children and 1 grandson. Don José makes his living raising poultry. He buys young chicks and feeds them up over 8 weeks, giving them vitamins, antibiotics and food, so that… More from Jose Eliseo'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