Update on Jose AlexanderJosé is in need of another loan because he requires more working capital to continue growing corn and beans. This investment will help him purchase timely farming supplies like fertilizer, herbicides, pesticides, insecticides and other items. The previous loan helped strengthen the business, and with the profits he was able to help his family. His desire is to keep cultivating his land and feeding his family.
El crédito anterior le ayudo a fortalecer el negocio y con las ganancias a podido ayudar a su familia. Su deseo es seguir cultivando la tierra y apoyar a su familia con la alimentación.
Previous Loan DetailsJosé is requesting a new loan because he needs more work capital for his crop activity. This will allow him to buy fertilizer, herbicides and insecticides for his corn and bean crops. The previous loan helped him buy farm supplies; and the profits helped support the family. His economic situ... More from Jose Alexander'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