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Oscar Arnulfo

Update on Oscar Arnulfo

Oscar 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.
View original language description ↓
Oscar, se le presento la necesidad de invertir más en el negocio de compra y venta de leña, es por eso que nos está solicitando un nuevo préstamo para la compra de leña por mayor, para la venta de todas las tortilleras de la zona, este prestamo le dara los recursos para que Oscar realice una buena inversion al negocio.

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 Details

Oscar 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 »

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

  • $4,900
    Average annual income
  • 644
    View loans »
    El Salvador Loans Fundraising
  • $24,202,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Oscar Arnulfo to buy wood on a wholesale level.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 19, 2013
This photo was used before for a previous loan for Oscar Arnulfo. It was first posted on Kiva on Jul, 2012. Learn More