Update on Jose AstulJose is getting ready for the sowing season. That is why he is requesting a new loan: to buy insecticides, weedkiller, fertilizer, and seeds. He will put them to use on his plot of land in order to improve his production, increase his profits, and keep up with his commitments the same as he did with his previous loan.
Jose has improved his home and continues supporting his children in their education. His family is united, helping him to get ahead.
Ha mejorado su vivienda y sigue apoyando a sus hijos en sus estudios, su familia sigue unida, y apoyándolo para salir adelente.
Previous Loan DetailsJosé is asking for a new loan because he needs more working capital in order to continue working in farming. This will allow him to buy fertilizer, herbicides, insecticides, and pesticides in order to begin planting corn and beans. He bought the necessary agricultural supplies with his previous… More from Jose Astul'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