Update on Jose WilfredoJosé is requesting a new loan because he needs more operating capital so that he can continue investing in his basic grain crops. The money will help him to buy compost, insecticides, pesticides, and other supplies.
The previous loan enabled him to increase his income, which he used for the household expenses. His financial condition and family circumstances have improved as a result of the loan provided by Kiva.
El crédito anterior le permitió aumentar los ingresos y estos los invierte en los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado con el crédito otorgado por Kiva.
Previous Loan DetailsJose is undertaking a new harvest. He needs money to buy 5 sacks of fertilizer, a bag of herbicides, and payment for farm labor, so he is asking for a new loan in order to cover his agricultural expenses. He expects that his profits will increase with production. Thanks to his previous loan, he… More from Jose Wilfredo'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.
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About El Salvador
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Success!! The loan was 100% repaid