Update on Oscar EulisesOscar has decided to take out a new loan so that he can invest in his workshop where he makes metal structures, and also use a part for his chicken farm. He will buy material to make metal grates, such as iron of different measures and electrodes. Also, for his farm, he will buy concentrate which will serve as feed for the hens on his farm.
With the previous loan, he states that he succeeded in carrying out all the work, and he was able to satisfy his customers' demands. He has expanded his workshop and his farm with laying hens.
Con el préstamo anterior manifiesta que logro realizar todo el trabajo, pudo satisfacer las demandas de los clientes, ha crecido en el taller y la granja de las gallinas ponedoras.
Previous Loan DetailsOscar has a metal shop he inherited from his father two years ago. He’s single and has no children. He lives in the family home. He’s asking for loans to buy sheet metal, iron, paint and sandpaper needed day to day for his work. The loan will help him by giving him the economic resources to… More from Oscar Eulises'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
- Dec 19, 2012
- Jan 2, 2013
- Currency Exchange Loss:
- Jan 18, 2014
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.