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Jose Vidal

Update on Jose Vidal

José is requesting a new loan because he needs more working capital to continue investing in his basic grain crops. This loan will allow him to buy fertilizer, herbicides, pesticides and insecticides. He will also pay rental on his land.

José's previous loan helped him to increase his stock and make more income. His family and financial situations have improved greatly.
View original language description ↓
José, requiere de un nuevo préstamo porque necesita de mas capital de trabajo para seguir invirtiendo en el cultivo de granos básicos; este le permitirá comprar abono, herbicidas, pesticidas, plaguicidas, insecticidas y arrendamiento de la tierra.
El crédito anterior le ayudo a incrementar sus inventarios y obtener mayores ingresos; las condiciones económicas y las circunstancias familiares se han optimizado.

Previous Loan Details

José is 69 years old and has three children with his wife, who is 55 years old. José works in agriculture and cattle raising, activities at which he works every day. From his corn crop he sells corn by the ear. He learned these activities from his father, with whom he worked since he was young. ... More from Jose Vidal'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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 703
    View loans »
    El Salvador Loans Fundraising
  • $25,095,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Vidal to buy fertilizer, herbicides, pesticides and insecticides, and to pay rent on his land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 18, 2014
This photo was used before for a previous loan for Jose Vidal. It was first posted on Kiva on Feb, 2013. Learn More