Update on Jose RufinoJosé is once again asking for a loan to keep working in the planting of beans and corn because of this institution's great service. He needs to buy agricultural goods like herbicides, fertilizer, and seeds. In this way he can achieve better results.
He says that his last loan was very well spent; he put it all towards his crops and was able to sell some, and the rest he used on household expenses, which helped his family a lot.
El menciona que el préstamo anterior le fue muy bien puesto que lo invirtió todo en sus cosechas y logro vender una parte y lo demás para los gastos del hogar el cual le ayudaron mucho a su familia.
Previous Loan DetailsJosé is married and lives with his wife and two children. He is a farmer who learned his trade from his parents several years ago. He works every day from 6:00 a.m. to 3:00 p.m. He is requeting a loan to buy fertilizer and pesticides for his corn and bean crops. The purchase will help guara... More from Jose Rufino'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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- At end of term
- Feb 25, 2012
- Mar 12, 2012
- Currency Exchange Loss:
- Dec 15, 2012
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.