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Jose Fernando

Update on Jose Fernando

José decided to apply for a new loan to buy insecticides, weed killer, pest-control substances and fertilizers. He will limit himself to only buying the materials he needs for his corn and bean crops, to have the excellent results of the previous loan.

Thanks to the previous financing, José was able to increase his production and his sales, he has improved his family lifestyle and his financial situation.
View original language description ↓
José, se decidió por un nuevo préstamo para comprar insecticida, herbicidas, plaguicidas y abono, se limitara a comprar únicamente los materiales necesarios para realizar sus cultivos de maíz y frijol, así tener los buenos resultados del crédito anterior.
Con la ayuda del financiamiento anterior logro aumentar su producción y sus ganancias, ha mejorado el estilo de vida familiar y su situación económica.

Previous Loan Details

José needs a loan because he needs more working capital to continue investing in his corn and bean crops. This loan will allow him to buy fertilizer, insecticides and pesticides. José's previous loan helped him to buy farming inputs when he needed them. His profits have increased and he has ... More from Jose Fernando'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.

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About El Salvador

  • $4,900
    Average annual income
  • 489
    View loans »
    El Salvador Loans Fundraising
  • $23,459,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $425 helped Jose Fernando to buy insecticides, weed killer, pest-control substances and fertilizers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 4, 2014
Listed
Jul 27, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2015
This photo was used before for a previous loan for Jose Fernando. It was first posted on Kiva on Jun, 2013. Learn More