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Jose Romeo

Update on Jose Romeo

José has decided to make a new investment in his corn and bean crops. He needs the loan to buy manure, insecticide and seeds. The capital he got previously improved his land and crop yield was greater as was his income.

He’d now like to better help with household expenses. Their living conditions are better and their goal is to increase the planted area more each time and to include another type of crop so that his sales will be better.
View original language description ↓
José, ha tomado la decisión de hacer una nueva inversión en la siembra de maíz y frijol,necesita el préstamo para comprar abono, insecticida y semilla. Con el capital que se le facilito antes él mejoro su área de cultivo, la producción fue mayor y sus ingresos aumentaron.
Ahora él puede apoyar más con los gastos que se dan en su casa, las condiciones en las que viven son mejores, tienen como finalidad aumentar cada vez más el área en la que siembran e incluir otro tipo de cultivo para tener mejores ventas

Previous Loan Details

Jose is requesting a new loan because he needs more working capital to grow corn and beans. This will allow him to buy fertilizer, herbicides and pesticides to aid in the cultivation of his crops. His previous loan helped him buy agricultural supplies and with the income he has been able to su... More from Jose Romeo'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.

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About El Salvador

  • $4,900
    Average annual income
  • 560
    View loans »
    El Salvador Loans Fundraising
  • $23,948,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Jose Romeo to buy agricultural supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014