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Oscar Armando

Update on Oscar Armando

Oscar is growing a new crop of basic grains, so he needs capital to invest in planting. For this reason, he is requesting a loan so that he can buy 10 sacks of compost and pay for labor. This will enable him to have a better planting season and improve his financial situation.


Oscar says that his previous loan gave him more investment capacity, so he was able to gain more income from his harvest. He continues to support his family with the help of the loans from Kiva.

View original language description ↓
Oscar, esta realizando una nueva siembra de granos basicos, necesita capital para invertirlo en la siembra, por ello está nuevamente solicitando un préstamo para la compra de sacos de 10 abono y pagar mano de obra; así poder tener una mejor siembra y mejorar su estado económico.
El nos comenta que gracias al crédito anterior tubo mayor capacidad de inversión y aumentar sus ingresos por la cosecha, el sigue con sosteniendo a su familia gracias a los prestamos de Kiva.

Previous Loan Details

Oscar is 33 years old and is the father of three children, ages 4, 6, and 9. He is a farmer and plants a plot of land each year, so he has lots of experience with crops. He is asking for this loan in order to buy supplies such as fertilizer and pesticide to treat his crops. This will allow h... More from Oscar Armando'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
  • 645
    View loans »
    El Salvador Loans Fundraising
  • $25,023,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Oscar Armando to buy 10 sacks of compost and to pay for labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 26, 2012
Listed
Oct 22, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012