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Jose Reynaldo

Update on Jose Reynaldo

José decided to seek a new loan because he needs to invest in collecting his harvest of basic foods, since he has to pay for labor and a corn shelling machine. This will help him to have his harvest ready for consumption.

The result that he had from the previous loan was an increase in productivity, with which he was able to make sales and generate income that helped him to feed his family. Thanks to the loans, he is improving his economic condition.
View original language description ↓
José, se decidió por un nuevo préstamo porque necesita invertir en la recolección de la cosecha de granos básicos, ya que tiene que pagar mano de obra y una maquina desgranadora de maíz, esto le ayudara a tener la cosecha lista para el consumo.
El efecto que tuvo con el préstamo anterior fue un aumento en la productividad con lo que ha podido vender y generar ingresos que le ayudan a la alimentación de la familia, gracias a los créditos está mejorando sus condiciones económicas.

Previous Loan Details

Jose is a farmer who lives with his wife in their own house. His work is in agriculture: he has sown corn for some time, and this work has helped him pay for family necessities. At present, he needs a loan to buy manure and fertilizers. With these supplies he will be able to prepare his farm l... More from Jose Reynaldo'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.

About El Salvador

  • $7,500
    Average annual income
  • 701
    View loans »
    El Salvador Loans Fundraising
  • $29,661,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Jose Reynaldo to pay for labor and a corn shelling machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Dec 29, 2012
Currency Exchange Loss:
Jul 18, 2013
This photo was used before for a previous loan for Jose Reynaldo. It was first posted on Kiva on Jun, 2011. Learn More