Update on Oscar ArmandoOscar is requesting a new loan to invest in growing basic grains to generate more income.
This will allow him to buy agricultural supplies such as: fertilizer, insecticides, herbicides, pesticides etc.
With the previous loan he increased his production and his profits increased. These were invested into household costs.
His economic situation has improved thanks to the investment he made with the Kiva loan.
Con el préstamo anterior aumento la producción y sus utilidades incrementaron, estas las invierte en los gastos del hogar. Las condiciones económicas han mejorado gracias a la inversión que realizo con el crédito de kiva.
Previous Loan DetailsOscar 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 say... More from Oscar Armando'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