Update on Jose InocenteJosé has decided on a new loan to buy cashew nuts at wholesale to roast and sell to customers. His business grew thanks to the previous loan; his sales are greater, income has risen and he’s been able to pay off his debts with it.
His family’s needs are fewer now and their quality of life is better. They now have the accessories needed to process the nuts and want to continue working to reach their dream of family improvement.
Las necesidades de su familia ahora son menos, tienen una calidad de vida mejor, cuentan con los accesorios para procesar su producto, desean seguir trabajando para cumplir los sueños de superación familiar.
Previous Loan DetailsJosé works selling cashew nuts. He lives with his family: his parents and siblings. He’s single and no one depends economically on him but at home everyone works to contribute towards covering the various needs. He learned to sell cashew nuts from his parents because everyone in the family works… More from Jose Inocente'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 17, 2013
- Oct 7, 2013
- Currency Exchange Loss:
- Oct 17, 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.