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Jose Reynaldo

Update on Jose Reynaldo

José 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.
View original language description ↓
José, se está satisfechos con los resultados que ha tenido de la inversión del crédito anterior pues conto con los recursos económicos necesarios para ofrecer productos frescos y así mantener a sus clientes satisfechos, sus ventas aumentaros, con los nuevas ganancias ha cancelado sus deudas y mejorado es el estilo de vida familiar.
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 Details

José 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 »

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
  • 447
    View loans »
    El Salvador Loans Fundraising
  • $22,660,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped Jose Reynaldo to buy shellfish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Mar 30, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Jose Reynaldo. It was first posted on Kiva on Dec, 2013. Learn More