Update on Jose FernandoJosé continues working very hard in order to get ahead together with his family. He will request a new loan to buy fertilizer, seeds, herbicides, pesticides, insecticides, and to pay the workers and rent the land. He will continue growing basic grains and improving his family’s lifestyle.
The previous loan helped José to have the agricultural supplies to grow basic grains and the feed needed for his livestock.
Para José el crédito anterior le ayudo tener los insumos agrícolas para cultivar granos básicos y el alimento necesario para su ganado.
Previous Loan DetailsJosé needs resources to pay for costs in harvesting his crops and to buy farm supplies and cattle feed. This way he can strengthen his business. From his loan experience, he knows that if you administer your investment well, you will receive higher profits. The previous loan was a great help for ... More from Jose Fernando'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