Update on Jose OrlandoJosé has decided to request a new loan because he has had a good amount of work in his shop, and he needs supplies like iron in different sizes, aluminum sheets, electrodes, and other materials necessary to work on metallic structures like windows, doors, and gates. This will help him continue his work.
He states that his previous loan helped him both to purchase the tools necessary for his job and to provide great service to his customers. His financial situation has improved thanks to the loan that he received from Kiva.
El manifiesta que el préstamo anterior le permitió comprar las herramientas necesarias, para realizar el trabajo y poder brindar un buen servicio a sus clientes, la situación económica ha mejorado gracias al crédito que recibió con Kiva.
Previous Loan DetailsJosé lives with his wife and two children, ages 3 and 6. He manages a metal shop that has been in existence for 10 years. José inherited this business from his father. At the moment, this business is the only source of income for his family. He is requesting a loan to buy equipment for h... More from Jose Orlando'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