Update on Jose NoeJosé is requesting a loan as he needs to invest in farming supplies to grow corn and beans. He is going to buy manure, insecticides, pesticides, and herbicides to be able to sow his crops.
With his previous loan, he bought farming supplies and used the profits he earned to support his family. His financial situation and family circumstances have improved, and his children have been able to continue studying.
El crédito anterior le ayudo a adquirir los insumos agrícolas de una sola vez y con las ganancias logro apoyar a su familia; las condiciones económicas y las circunstancias familiares han mejorado, ya que sus hijos continúan estudiando.
Previous Loan DetailsJosé has decided on a new loan in order to grow corn and beans. He wants to begin the season by renting the land where he will cultivate his crops. This will enable him to get a head start on preparations for planting. He feels that through these loans he has been successful in sowing his fiel... More from Jose Noe'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
432View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 13 months (Additional Information)
- Repayment Schedule
- Jun 16, 2013
- Jun 11, 2013
- Currency Exchange Loss:
- Dec 17, 2013
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.