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Oscar Vidal

Update on Oscar Vidal

Oscar 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.
View original language description ↓
Oscar, solicita un nuevo préstamo por la necesidad de más capital de trabajo para seguir invirtiendo en el cultivo de maíz y otro tipo de siembra; este le permitirá comprar abono, pesticidas, herbicidas, insecticidas, entre otros.
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 Details

Oscar 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 »

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.

Tags

About El Salvador

  • $7,500
    Average annual income
  • 844
    View loans »
    El Salvador Loans Fundraising
  • $25,704,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Oscar Vidal to purchase fertilizer, pesticides, herbicides, insecticides and other supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 26, 2013
Listed
May 19, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014