Update on Jose EliseoJosé keeps making an effort to equip his car wash and opts for a new loan in order to buy a vacuum cleaner for cars. He wishes to do his job better, to keep his customers satisfied and to keep improving his economic situation.
With the previous loan he was able to buy a machine to wash vehicles, which has improved his business. He has good income, provides his family a more comfortable life and paid off his debt in time.
Con el financiamiento anterior se pudo comprar una máquina para lavar vehículos, con lo que ha mejorado su negocio, tiene buenas ganancias, brinda a su familia una vida más confortable y cancelo puntualmente su deuda.
Previous Loan DetailsJosé lives in the town of Jiquilisco of the department of Usulután with his wife and his family; they do not have children yet. A year ago, he started a car wash business -- a job that he does full-time and that allows him to cover his family's expenses. José is looking for a loan in order to... More from Jose Eliseo'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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