Update on Jose FernandoJosé has decided on a new loan because of the need to invest more in his agricultural business. He is ready to plant again, and to do so he needs to buy seeds and manure, rent the land, and clear the area where he plants. This loan will make it possible to do his work in the field.
He managed to have a positive effect with the previous loan. It helped him produce a ‘manzana’ [a land measurement unit equivalent to 7000 square meters] of corn. He got a good harvest, which he was able to store to feed his family. He also sold part of the harvest, and his family situation is stable.
Con el préstamo anterior logró tener un efecto positivo, ya que le ayudó a producir una manzana de maíz obteniendo una buena cosecha para poder almacenar para la alimentación de su familia y también vender una parte, su condición en la familia se mantiene.
Previous Loan DetailsJosé is dedicated to agriculture, sowing corn and beans. He is 55 years of age and lives with his wife and two children which help in his work. José has been dedicated to the cultivation of corn for more than 30 years, having learned from his parents, who already had great experience. He is re... More from Jose Fernando'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
- Jan 19, 2013
- Jan 29, 2013
- Currency Exchange Loss:
- Feb 17, 2014
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.