Update on Oscar AntonioOscar is requesting a new loan, because he needs to buy farming supplies so he can begin sowing corn. He will purchase compost, insecticide and pesticide, which help him protect his crop from pests and increase his production.
He believes that the previous loan helped him improve production in his crop, because he had a good harvest. This has benefitted his family, who had what they needed for food and for covering some of their needs.
Considera que el préstamo anterior le ayudo a mejorar su producción en el cultivo, pues obtuvo una buena cosecha, esto le ha beneficiado a su familia teniendo lo necesario para la alimentación y cubrir algunas necesidades.
Previous Loan DetailsOscar lives with his wife and children. He has been working for several years in cultivating corn and beans. He learned this livelihood from his father. He doesn’t have a set schedule. He will use the loan to buy materials for installing electricity in his house. This is very important for his... More from Oscar Antonio'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
- Jun 6, 2012
- Jun 27, 2012
- Currency Exchange Loss:
- Jan 17, 2015
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.