Update on Jose NoeJosé needs to invest more in his agriculture business in order to acquire more income. This loan will help him to buy seeds, fertilizer, herbicide, insecticide, and pesticide, among other things in order to prepare his land. His previous loan helped him to increase his inventory and obtain more income. His family circumstances have improved as well as his economic conditions.
El préstamo anterior le ayudo a incrementar sus inventarios y obtener más ingresos; las circunstancias familiares han mejorado y las condiciones económicas asimismo.
Previous Loan DetailsJose is 32 years old and lives with his wife in the home of his parents who depend upon him. He also has a 5 year old son. Jose grows basic grains, sowing corn and yuca (cassava). He learned this work from his parents. At present, he has a fields of 2 manzanas (1.4 hectares) in size planted i... More from Jose Noe'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