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Jose Rogelio

Update on Jose Rogelio

José says that these loans are a favorable source of financing that helps to improve sales. For this reason, he needs a new loan to invest in the making of pupusas, a thick corn tortilla stuffed with various fillings. This investment will allow him to purchase cabbage, tomatoes, onions, fried meat, beans, corn, quesillo (a soft cheese), and other products.

The previous loan allowed him to improve his sales, and with that he improved the economic stability of his family.
View original language description ↓
José, menciona que los créditos son una fuente financiera favorable que ayuda a mejorar las ventas, es por ello que necesita de un nuevo préstamo para invertir en la elaboración de pupusas; esta inversión le servirá para comprar repollo, tomates, cebolla, chicharrón, frijoles, maíz, quesillo, entre otros.
El crédito anterior le permitió mejorar sus ventas y con ello se optimizo la estabilidad económica de su familia.

Previous Loan Details

José is married and has two children, ages 14 and 18. He runs a " pupusa" [stuffed tortillas] business, which he started because he needed money for the household. His sales schedule is from 6 a.m. until 6 p.m. Currently José needs to strengthen his business, so he's requesting a loan to buy... More from Jose Rogelio'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.

About El Salvador

  • $7,500
    Average annual income
  • 781
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,050 helped Jose Rogelio to purchase cabbage, tomatoes, onions, fried meat, beans, corn, cheese, and other products.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
N/A
Expired:
Sep 15, 2013