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Jose Arquimides

Update on Jose Arquimides

Jose needs a new loan because he needs more working capital so he can raise his basic grains. This will allow him to buy farming supplies such as herbicides, pesticides, fungicides, insecticides, fertilizer and other things. The previous loan was of great help and his production increased. He spends his earnings on feeding and clothing his children. The family finances have improved.
View original language description ↓
José, se le presenta la necesidad de optar por un nuevo préstamo porque requiere de más capital de trabajo para el cultivo de granos básicos; este le permitirá comprar materiales agrícolas, tales como: herbicidas, pesticidas, plaguicidas, insecticidas, abono, entre otros.
El préstamo anterior le fue de mucha utilidad, ya que la producción aumento y sus ingresos los invierte en los gastos de la alimentación y vestuario de sus hijos. Las circunstancias familiares y las condiciones económicas han mejorado.

Previous Loan Details

José has decided to request a new loan because he needs money to invest in growing basic grains. First he will rent the plot of land and then he will buy agricultural supplies such as fertilizer and herbicides, which are needed for this type of operation. José used his previous loan to buy ag... More from Jose Arquimides'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
  • 586
    View loans »
    El Salvador Loans Fundraising
  • $31,854,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $900 helped Jose Arquimides to buy supplies.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 11, 2013
Aug 1, 2013
Currency Exchange Loss:
Aug 31, 2013