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Felix Octavio

Update on Felix Octavio

Félix wants to increase the merchandise in his business. For this reason, he is applying for a new loan to purchase basic products such as corn, beans, sugar, rice, oil, soft drinks, crackers, and other products that he needs in his business in order to have a good variety for his customers.

He feels that the previous loan helped him to generate more earnings, since he was able to open a new business in another community, and thus he has succeeded in supporting himself and his family better financially.
View original language description ↓
Félix, desea incrementar la mercadería en su negocio, por eso está solicitando un nuevo crédito para la compra de productos de primera necesidad como maíz, frijol, azúcar, arroz, aceite, bebidas refrescantes, galletas y demás productos que necesita en su negocio para una mejor variación hacia sus clientes.
El considera que el préstamo anterior le ayudo a generar más ganancias ya que pudo abrir un nuevo negocio en otro municipio, y así ha logrado sostenerse mejor económicamente él y su familia.

Previous Loan Details

Félix manages a store, he lives with his mother and is single. His business offers essential goods and he has five years experience. He is requesting a loan to purchase basic products, such as oil, beans, sugar, and soap. Increasing his product inventory will help him have greater solvency in cu... More from Felix Octavio'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
  • 684
    View loans »
    El Salvador Loans Fundraising
  • $24,309,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Felix Octavio to buy corn, beans, sugar, rice, oil, soft drinks, and crackers for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Felix Octavio. It was first posted on Kiva on Apr, 2012. Learn More