Update on Oscar VidalOscar is requesting a new loan because of his need for more working capital to continue investing in his corn crops and other plantings. This will allow him to buy fertilizer, pesticides, herbicides, insecticides, and other supplies.
His previous loan helped him to increase his earnings, with which he managed to buy what he needed for planting his crops. His economic conditions and his family circumstances have improved.
El crédito anterior le ayudo a incrementar las ganancias y con ello logro adquirir lo necesario para la siembra; las condiciones económicas y las circunstancias familiares se han optimizado.
Previous Loan DetailsOscar is single and lives with his family, his grandmother, and an uncle. He earns a living in agriculture and is a day laborer. He learned from his uncle and has been in this job for more than a year. His desire is to be able to make a living in ranching as well. He's requesting a loan to… More from Oscar Vidal'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.
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About El Salvador
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Success!! The loan was 100% repaid