Update on Oscar ArnulfoOscar finds that he needs to invest more money in his business of buying and selling firewood. This is why he is asking for a loan to buy firewood at a wholesale level. He sells to all the tortilla shops in the zone. This loan will give Oscar the resources to invest in his business.
Oscar told us that this loan would help him increase his inventory and therefore have more income. His economic conditions have improved but they are not sufficient for his desire to continue with his work.
El nos comenta que con el préstamo le ayudo a incrementar sus inventarios y por ende tener mejores ingresos, sus condiciones económicas han mejorado pero no lo suficiente ya que desea seguir trabajando.
Previous Loan DetailsOscar sells firewood and he also engages in constructions. He is 30 years old, he lives with his wife in his mother’s house, and they have no children. He has been selling firewood for 5 years, something he has learned from his parents. He sells firewood to women selling tortillas and “pupusas”*.... More from Oscar Arnulfo'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
- Sep 17, 2012
- Oct 16, 2012
- Currency Exchange Loss:
- Apr 19, 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.