Update on Jose RobertoJosé has decided that he needs to apply for a new loan, since the loans are a way for him to increase his income. This will allow him to buy six quintals of fertilizer, insecticides, pesticides, and treatments for plant diseases, in order to maintain a field of corn.
The investment of the previous loan helped him to increase his harvest and his income. His economic condition and his family's circumstances have improved.
La inversión del crédito anterior le ayudo a incrementar la cosecha y los ingresos; las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsJose decided to request a new loan; he believes the previous one helped him get his work done, he will now invest it in paying for labor to harvest rice, which he has growing in a piece of land. The effect that he had with the previous loan increased the harvest of basic grains to sell them at the… More from Jose Roberto'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