Update on Jose GilbertoJose is requesting another loan to buy manure, seeds, fertilizers, pesticides, herbicides and insecticides. He hopes to eliminate the weeds from his land and avoid infestations in his corn crop. He used his previous loan to pay for the labor and equipment needed to harvest his crop. He earns just enough income to pay off his debts and pay for basic necessities for his family.
El préstamo anterior le facilito el pago de mano de obra y tener equipo adecuado para procesar la cosecha, sus ingresos son de subsistencia y los utilizo para cancelar su deuda y cubrir las necesidades básicas de su familia.
Previous Loan DetailsJose is in charge of the family income and his family includes his wife and children. He owns his home and raises and sells corn from 6:00 am to 4:00 pm. He has been doing this for ten years and this has kept him from having trouble doing it. He will use the money from this loan to pay for… More from Jose Gilberto'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
- 8 months (Additional Information)
- Repayment Schedule
- Jun 18, 2014
- Jun 30, 2014
- Currency Exchange Loss:
- Dec 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.