Update on David OmarDavid needs to buy more merchandise which is why he is asking for a loan to invest in CDs, DVDs and rubber shoes. These purchases are very necessary as he wants to buy the lastest dance music and movies that are new to offer his customers. He also stocks rubber shoes and wants to increase his availability of styles and colours. He believes that these loans will help him improve his business and prosper with his family.
Él considera que estos préstamos le ayudaran para mejorar el negocio y prosperar junto a su familia.
Previous Loan DetailsDavid lives in San Francisco Gotera, in Morazán department. He sells video games, CDs and DVDs and repairs games consoles. David lives with his wife and three children. He works in his business in the town market of San Francisco Gotera. This is the main source of income for his household. ... More from David Omar'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
- Nov 5, 2011
- Dec 5, 2011
- Currency Exchange Loss:
- Nov 16, 2012
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.