Update on Jose AngelJosé is applying for another loan which he will use to buy farming supplies, to pay for land, and to bring in the harvest. He hopes to deliver his product on time, improve his next harvest and to have a higher income.
José's previous loan helped him to have an abundant harvest, free from diseases and of high quality. His sales and his profits increased and he was able to pay off his debts.
EL crédito anterior le ayudo a tener una cosecha abundante, sin plagas y de mucha calidad, sus ventas aumentaron, sus ganancias han sido mejor y a podido cancelar sus deudas.
Previous Loan DetailsJose lives with his wife and child. He grows corn and sorghum, but he also raises cattle. Jose has been in business for three years and learned his trade from his parents. He rents a plot of land where he grows his crops and keeps his cattle.
Jose is requesting a loan in order to buy s... More from Jose Angel'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