Update on JoseJosé finds it necessary to request another loan to be able to support the cultivation of his 3 manzanas of corn. Later, he will grow sorghum and sesame.
This loan will help him to buy the necessary agricultural supplies, like fertilizer, poisons, insecticides, and to pay his workers.
His previous loan was very effective, since his family circumstances and economic conditions have improved. He was able to obtain an excellent crop and this helped him to pay back his loan since his income was favorable. He also bought a new house.
El efecto del crédito anterior fue positivo, ya que la circunstancias familiares y las condiciones económicas han mejorado, por lo que logro obtener una excelente producción y le ayudo a cancelar sus créditos porque los ingresos fueron favorables, asimismo adquirió una nueva casa.
Previous Loan DetailsJosé has decided on a new loan for raising livestock and to continue growing basic grains. He will use the loan to buy two cows. He will also buy manure, herbicides, and seeds for the next crop. He feels that the previous loan has helped him improve the harvest. His sesame seed crop gave hi... More from Jose'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
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Success!! The loan was 100% repaid