Update on Jose ReynaldoJosé is satisfied with the results he has had with his previous loans as it provided him the necessary economic resources to offer fresh products and in this way keep his customers satisfied. His sales increased, and with the new earnings he repaid his debts and improved his family's lifestyle.
The new loan that he seeks will be invested in buying shellfish, and in this way he will have the possibility of continuing to acquire the fresh product according to his customer demand.
El nuevo crédito que está solicitando lo invertirá en la compra de conchas, de esta manera tendrá la posibilidad de ir adquiriendo el producto fresco y según sea la demanda de sus clientes.
Previous Loan DetailsJosé lives with his life partner and their son. He has a business selling shellfish and has had it for four years already. He runs it from Monday to Saturday from 7:00 a.m. to 5:00 p.m. He has no help from outside the country. He needs to purchase shellfish to supply the business and continue ... More from Jose Reynaldo'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
- Mar 11, 2014
- Mar 30, 2014
- 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.