Update on Jose AntonioJosé has chosen to opt for another loan because he needs more working capital and because of the good service the Institution provides. This investment will help him buy agricultural supplies like manure, herbicide, pesticide, fungicide, insecticide, etc. His previous loan helped him increase crop yield and he uses the income earned to cover household expenses. His economic conditions and family circumstances have improved.
El crédito anterior le permitió aumentar la cosecha y los ingresos los utiliza para los gastos del hogar; las condiciones económicas y las circunstancias familiares han mejorado.
Previous Loan DetailsJosé is a farmer. He is 20 years old and single. He lives with his mother and grows basic grains to help out with the household expenses. He works from Monday to Saturday from 6:00 a.m. to 12:00 p.m., and was taught how to farm from a young age by his parents. He is requesting this loan to buy fo... More from Jose Antonio'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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Sep 6, 2013
- Sep 23, 2013
- Currency Exchange Loss:
- Jun 19, 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.