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Felix Octavio

Update on Felix Octavio

Félix needs to obtain a new loan because he needs more working capital to increase his merchandise and inventory. This loan will help him to buy essential things like sugar, salt, beans, rice, oil, soap, and other things.

The effect of his previous loan was positive since economic conditions have improved, therefore he increased his sales and opened a new store in the same municipality.
View original language description ↓
Félix, se le presenta la necesidad de optar por un nuevo préstamo porque requiere de más capital de trabajo para incrementar la mercadería y sus inventarios; esta inversión le ayudara a comprar artículos de primera necesidad tales como: azúcar, sal, frijol, arroz, aceite, jabón, entre otros.
El efecto del crédito anterior fue favorable, ya que las condiciones económicas han mejorado, por lo que incrementaron sus ventas y aperturo una nueva tienda en el mismo municipio.

Previous Loan Details

Félix wants to increase the merchandise in his business. For this reason, he is applying for a new loan to purchase basic products such as corn, beans, sugar, rice, oil, soft drinks, crackers, and other products that he needs in his business in order to have a good variety for his customers. H... More from Felix Octavio'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

  • $7,500
    Average annual income
  • 781
    View loans »
    El Salvador Loans Fundraising
  • $25,635,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Felix Octavio to buy sugar, salt, beans, rice, oil, soap, etc.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 17, 2013