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Jose Inocente

Update on Jose Inocente

José 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.
View original language description ↓
José, opta por un nuevo préstamo para comprar semilla de marañón por mayoreo, para luego asarla y poder ofrecerla a los clientes; con el préstamo anterior su negocio creció, las ventas son mayores, los ingresos aumentaron y con ellos a podido cancelar sus deudas.
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 Details

José 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 wor... More from Jose Inocente'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.

Tags

About El Salvador

  • $4,900
    Average annual income
  • 593
    View loans »
    El Salvador Loans Fundraising
  • $23,939,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Inocente to buy cashew nuts at wholesale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Jose Inocente. It was first posted on Kiva on Oct, 2012. Learn More