Update on Jose FernandoJosé needs a loan because he needs more working capital to continue investing in his corn and bean crops. This loan will allow him to buy fertilizer, insecticides and pesticides.
José's previous loan helped him to buy farming inputs when he needed them. His profits have increased and he has managed to support his children's education. His financial situation and his family situation have both improved.
El crédito anterior le ayudo a adquirir los insumos agrícolas necesarios en el momento oportuno, las utilidades han incrementado, ya que ha logrado apoyar a sus hijos en sus estudios; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJosé needs a new loan to keep working, since he needs to pay for the rent of a plot of land where he will carry out the planting for the next season. He will also pay for truck service for the delivery of the previous crops to his home.. This loan will help him carry out the purchase of inputs.… More from Jose Fernando'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