Update on Jose HerbertJosé is applying for another loan because he needs money to improve his motorcycle taxi and to extend his taxi license. This loan will allow him to buy spare parts for his motorbike and to extend the license.
José's previous loan helped him to improve the quality of service he offers and so increase his number of customers. His financial situation has improved and his family is doing well and is in good health.
El crédito anterior le ayudo a incrementar la calidad en el servicio y con ello aumento la clientela, las condiciones económicas han mejorado, el grupo familiar se mantiene y se encuentran bien de salud.
Previous Loan DetailsJosé is asking for a new loan as his job doesn't provide him with enough money to afford the necessary outgoings. He will buy tires for the maintenance of his moto-taxi as he uses it every day to make a living and to earn an income for his home. These loans help him by providing him with availa... More from Jose Herbert'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