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Boanerges Arcides

Update on Boanerges Arcides

Boanerges is requesting a loan to invest in the May season in his small restaurant by buying various ingredients to prepare his menus such as meat, seafood, chicken, condiments, oils, rice, vegetables and drinks in order to maintain a variety of dishes in his business.

The previous loan had a positive effect on him, improving his production, attracting more clients to the business and establishing his business more in relation to the competition.
View original language description ↓
Boanerges, solicita un préstamo para invertirlo en la temporada de mayo en su pequeño restauran comprándose materia prima para prepara sus menús en variedades como carnes, marisco, pollo, condimentos aceites, arroz, vegetales, bebidas, para mantener diversidad de alimentos en el negocio.
El tuvo un efecto positivo con el préstamo anterior mejorando su producción atrayendo más clientes al negocio y estabilizándose más con la competencia.

Previous Loan Details

Boanerges lives with his mother. He is single, with no children, and lives in the family home. For ten years he has been in the restaurant business. He began as a restaurant worker and little by little became skilled enough to run a business. Currently he is requesting a loan to buy food in... More from Boanerges Arcides'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
  • 464
    View loans »
    El Salvador Loans Fundraising
  • $23,334,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Boanerges Arcides to buy meat, seafood, chicken, condiments, oils, rice, vegetables and drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
May 27, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012
This photo was used before for a previous loan for Boanerges Arcides. It was first posted on Kiva on Jan, 2012. Learn More