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Fredys Arsenio

Update on Fredys Arsenio

Fredys is determined to continue investing in his business. For this reason he is requesting another loan to invest in pigs and feed, to expand his farm and have new opportunities for sales and profit in the future.

The investment will allow him to grow and offer his customers fattened pigs for the coming season. He considers that the previous loan has improved his financial situation for him and his family.
View original language description ↓
Fredys, está decidido a continuar invirtiendo en el negocio por eso solicita otro préstamo para invertir en cerdos y concentrado para aumentar la granja y tener a futuro nuevas oportunidades de venta y de ganancia. La inversión le permitirá crecer y ofrecer a los clientes para la temporada que se acerca los cerdos gordos. El considera que el préstamo anterior le ha mejorado su condición económica para él y para su familia.

Previous Loan Details

Fredis lives in Concepción Batres in the Usulután department. He is 33 years old and lives with his family, his wife and his one-year-old child. His wife works and he devotes his time to raising pigs and driving a motorcycle taxi. Hi is currently seeking a loan to buy pigs to market, as he wan... More from Fredys Arsenio'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

  • $4,900
    Average annual income
  • 562
    View loans »
    El Salvador Loans Fundraising
  • $23,984,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Fredys Arsenio to buy pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 10, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012
This photo was used before for a previous loan for Fredys Arsenio. It was first posted on Kiva on Apr, 2011. Learn More