Update on Jose IgnacioJosé has decided to take out another loan which will allow him to keep working. He will pay for repairs to the car which he uses to sell coconuts.
With his previous loan, he has kept his business active and his income has increased, which allowed him to repay the debt and cover his family's costs.
Con el capital anterior a mantenido activo su negocio sus ingresos han tenido una leve mejoría las cuales son de utilidad para cancelar la deuda y los gastos familiares.
Previous Loan DetailsJosé makes a living selling coconuts. He lives with his wife and two grandchildren. He has been in this business for the past five years, and he works from 9am to 3pm. Little by little, he is making himself known to the customers, thereby strengthening his business. In this moment, he conside... More from Jose Ignacio'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