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Oscar Armando

Update on Oscar Armando

Oscar is a hardworking and responsible person. He lives in a community in the south of Honduras with his wife and 2 children. He has been in the business of buying and selling pigs for 4 years.

He sells in his community and in neighboring villages. He is requesting the loan to buy pigs, which he needs to continue to grow his business. Oscar hopes that the loan will be of great help to him so that he will be able to have the necessary inputs to continue his work and that this will be reflected in an increase in sales and his making more income to benefit his and his family’s lifestyle.

Oscar hopes that in the future his business will be one of the best known in his community, and in this way he will continue to support his family, and his children will finish their studies and become good people with better opportunities in life.

Choluteca, Honduras – May 2013
View original language description ↓

El señor Oscar es una persona trabajadora y responsable vive en una comunidad al sur de Honduras junto a su esposa y sus 2 hijos. Su negocio es la compra y venta de cerdos desde hace 4 años.
Don Oscar vende en su comunidad y demás caseríos aledaños a esta. Está solicitando el préstamo para la compra de cerdos que necesita para seguir desarrollando su negocio.
Don Oscar espera que el préstamo le sirva de mucha ayuda y poder contar con los insumos necesarios para continuar con su trabajo y que esto se vea reflejado con el aumento de sus ventas y ganar más ingresos que beneficien en su estilo de vida y en el de su familia.
Don Oscar espera en un futuro que su negocio sea uno de los más conocidos de la comunidad y así seguir apoyando a su familia y a sus hijos para que terminen los estudios y se conviertan en personas de bien y con mayores oportunidades en la vida.



Choluteca, Honduras – Mayo 2013

Previous Loan Details

Sr. Oscar has been buying and selling pigs for four years. He raises them until they are ready to be sold to his customers that request them at the community market. Oscar buys his supplies every week. He is married and has one child. Thanks to his income, he is able to support his family. ... More from Oscar Armando's previous loan »

Additional Information

Prisma Honduras, S.A.

This loan is administered by Prisma Honduras. Prisma is one of Kiva's first field partners in Central America and has funded over 2,500 entrepreneurs through Kiva since 2008. Prisma funds smaller than average loans for micro-entrepreneurs to help them grow businesses in urban and rural areas. To improve living conditions in Honduras, the organization strives to empower women who lack access to traditional financial services, and promotes solar panels to deliver clean, affordable electricity to rural areas. Through its four branches in southern and central Honduras, Prisma provides access to financial products to some of the poorest and most isolated communities in the country.

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 Honduras

  • $4,800
    Average annual income
  • 83
    View loans »
    Honduras Loans Fundraising
  • $8,836,450
    Funds lent in using Kiva
  • 20.3
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Oscar Armando to buy pigs for his business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014