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Oseas Neftali

Update on Oseas Neftali

Oseas is seeking another loan because he needs to invest in his bakery and increase his sales. He needs to purchase more raw materials such as butter, eggs, sugar, oil, firewood and a blender. His first loan had a very positive effect on his small business. It enabled him to keep his customers satisfied and achieve more profitability.
View original language description ↓
Oseas, está solicitando otro crédito porque necesita invertir en su negocio en ampliación de ventas y aumentar la compra de materia prima, algunos de los productos que necesita comprar son: manteca, huevos, azúcar, aceite, leña y una licuadora.
El primer crédito que se le extendió, tuvo un efecto muy grande en su pequeña empresa, por le permitió mantener su clientela y logro tener una mejor rentabilidad en su negocio.

Previous Loan Details

Óseas lives surrounded by relatives. He is engaged in the sale of French bread and sweet rolls. He works every day of the week making bread and offering it to his customers. His work begins at 4:00 in the morning and ends at 2:00 in the afternoon. Currently, he is applying for a loan in or... More from Oseas Neftali'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
  • 809
    View loans »
    El Salvador Loans Fundraising
  • $25,672,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Oseas Neftali to buy butter, eggs, sugar, oil, firewood and a blender.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Oseas Neftali. It was first posted on Kiva on Dec, 2011. Learn More