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Boanerges Arcides

Update on Boanerges Arcides

Boanerges has requested a new loan to buy seafood (fish, prawns and lobster) for his restaurant. He aims to buy them at a better price, so that he can keep the same menu for his customers, and this loan will help him to have the available finances to make these purchases.

Boanerges says that these loans have allowed him to keep what he needs in the restaurant, as well as giving his menus more variety. His family circumstances remain the same, and profitability keeps increasing at his restaurant.
View original language description ↓
Boanerges, está solicitando un nuevo préstamo para la compra de mariscos (pescado, camarones, langostas) para el restaurant, con el objeto de adquirirlos a mejor precio para mantener en el menú para los clientes, este préstamo le ayudara a tener la disponibilidad económica para realizar la compra.
Manifiesta que con el aporte de estos préstamos, ha podido mantener lo necesario en el restaurant, manteniendo más variedad en los menús, las circunstancias familiares se ha mantenido, y en su negocio la rentabilidad sigue aumentando.

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

  • $7,500
    Average annual income
  • 823
    View loans »
    El Salvador Loans Fundraising
  • $25,698,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Boanerges Arcides to buy fish, prawns, and lobster.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Sep 12, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2013