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Jose Balbino

Update on Jose Balbino

Jose has requested another loan. He is preparing to plant and needs to buy compost, fertilizer, pesticides, and pay for labor. In this way he will be able to continue farming with no problems.

His previous investment gave him an abundant and good quality harvest. His income increased and his family is enjoying good food and health.
View original language description ↓
José, se ha decidido por otro crédito por que ya se está preparando para sembrar y necesita comprar abono, fertilizantes, plaguicidas y pagara mano de obra, de esta manera podrá seguir cultivando sin ningún problema.
Con la inversión que hiso anteriormente le dio como resultado una cosecha abundante y de buena calidad, sus ingresos mejoraron, su familia está gozando de buena alimentación y salud.

Previous Loan Details

José’s asking for a new loan because he needs more working capital and because of the easy loan terms the Institution offers. This will make it possible for him to buy the farm supplies like manure, corn seeds, herbicide, pesticide and fungicide needed for his crops as well as to prepare the soi... More from Jose Balbino'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
  • 571
    View loans »
    El Salvador Loans Fundraising
  • $23,920,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Balbino to buy supplies and pay for labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 21, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014