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Oscar Arnulfo

Update on Oscar Arnulfo

Oscar’s requesting a new loan because he needs to invest more in the business; it will make it possible for him to buy firewood to then sell it in the winter. This way he’ll have product stocked for when he needs it.

The previous loan helped him increase his inventory. His family condition has improved and so has his economic circumstances thanks to the profits generated.
View original language description ↓
Oscar, solicita un nuevo préstamo por la necesidad de invertir más en el negocio, ya que este le permitirá comprar leña y luego venderla para el invierno, así tener el producto a tiempo para cuando lo necesite.
Con el crédito anterior le ayudo a incrementar su inventario. Las condiciones familiares han mejorado y las circunstancias económicas gracias a las ganancias que genera.

Previous Loan Details

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… 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
  • 655
    View loans »
    El Salvador Loans Fundraising
  • $22,073,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Oscar Arnulfo to buy firewood for the winter.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2013