Update on Jose SantosJosé needs a new loan because he needs money to start growing basic grains. The investment will help him buy soil amendments, herbicide, pesticide, insecticide, and other agricultural inputs.
The previous loan allowed him to increase his income and harvests. With his profits he managed to buy two calves to fatten and sell. Thanks to this investment his economic situation has improved. He supports the same family group and they're all very healthy.
El crédito anterior le permitió aumentar sus ingresos, cosechas y de las ganancias logro comprar dos terneros para engordarlos y luego venderlos. Gracias a esta inversión las condiciones económicas han mejorado, mantiene el mismo grupo familiar y están muy bien de salud.
Previous Loan DetailsJosé, 56, lives with his wife and three children who are 15, 8 and 1 year old in their own house. He works growing corn and is able to support his household this way. He learned this occupation from his father and has been doing it for 25 years for his family. His wife helps him with some of... More from Jose Santos'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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jul 29, 2013
- Aug 18, 2013
- Currency Exchange Loss:
- May 18, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.