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Jose Balbino

Update on Jose Balbino

José’s asking for a new loan because he needs more working capital and because of the easy loan terms the Institution offers. This will make it possible for him to buy the farm supplies like manure, corn seeds, herbicide, pesticide and fungicide needed for his crops as well as to prepare the soil. His previous loan helped him get a good crop yield and his economic conditions have improved a little as well as his family circumstances.
View original language description ↓
José, solicita un nuevo préstamo por la necesidad de mas capital de trabajo y por la facilidad de pago que la Institución brinda; este le permitirá comprar los insumos agrícolas necesarios para realizar el cultivo tales como: abono, semilla de maíz, herbicidas, pesticidas, plaguicidas y para la preparación de la tierra.
El crédito anterior le ayudo a obtener una buena producción; las condiciones económicas han mejorado un poco y también las circunstancias familiares.

Previous Loan Details

José is a crop and livestock farmer who lives with his wife and children, ages 18 and 14. He has his own property where, for 20 years, he has been growing crops, and for eight years, raising livestock. Through his work he has been able to get ahead and provide everything necessary for his famil... More from Jose Balbino'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

  • $4,900
    Average annual income
  • 564
    View loans »
    El Salvador Loans Fundraising
  • $23,525,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Balbino to buy farm supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 21, 2013
Listed
May 29, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Jose Balbino. It was first posted on Kiva on Sep, 2012. Learn More