Update on Jose IsraelJosé finds it necessary to get a new loan because he needs more working capital for the planting of basic grains. This investment will help agricultural supplies such as pesticides, insecticides, manure, and other crop protection products, as well as to pay for labor.
The previous loan was beneficial for him as it allowed him to cultivate one manzana [1.74 acres] of corn and he had a good harvest. He also generated household income. This is why his financial situation has improved and he has set up a tortilla business.
El crédito anterior fue positivo, ya que logro cultivar una manzana de maíz y obtuvo una buena cosecha, asimismo genero ingresos para el hogar, es por ello que las condiciones económicas han mejorado y ha colocado un puesto de venta de tortillas.
Previous Loan DetailsJose decided to request a new loan to prepare his farmland for cultivation. He will buy agricultural supplies, and begin working with farmhands to clear the land. This contribution will be used to buy seeds, fertilizer, and herbicides, and to pay for labor. Previous loans have had a positive… More from Jose Israel'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