Update on Oscar AlexanderOscar is requesting a new loan because he needs to improve his bakery's production. With the borrowed funds he will buy butter, flour, firewood, yeast, eggs and other supplies that are needed for the preparation and baking of bread. With these supplies he hopes to be able to continue offering his customers a quality product at his business.
The effect that the previous loan had on his business was positive. He is already improving the quality of his products and increasing his production. In this way he will have a greater number of customers and will consider a great change fulfilled to improve his profitability.
El efecto que tuvo con el préstamo anterior en el negocio fue positivo, ya que está mejorando la calidad del producto y aumentando su producción, de esta manera cuenta con mayor número de clientes y considera haber realizado un gran cambio para mejorar la rentabilidad.
Previous Loan DetailsOscar lives with his wife and two children, who are 6 and 3 years of age. Two years ago he started a bakery. His father helps a great deal in bread making. With this business, he has attracted a clientele and earned an income for her family. Currently Oscar is requesting a loan to buy basic… More from Oscar Alexander'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
- Jul 7, 2012
- Jul 24, 2012
- Currency Exchange Loss:
- Sep 18, 2013
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.