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David Omar

Update on David Omar

David improved his business thanks to his previous loan by purchasing a new video game console in cash. His family's situation is now better than before. He made his loan payments on time and is teaching his children how to repair video game consoles so that in the future they can start their own business.

David needs more capital in order to buy the latest video games on the market. The new games will allow him to surpass the competition. He hopes to repeat the positive effects of his previous loan and promises to make his payments on time.
View original language description ↓
David, mejoro su negocio gracias a la compra de una consola de videojuegos nueva que pago de contado con la ayuda del préstamo anterior, su circunstancias familiares son mejores que antes, mantuvo la puntualidad en sus pagos y les está enseñando a sus hijos a reparar consolas de videojuegos, para que en un futuro ellos establezcan su propio negocio.
David, requiere más capital para comprar los videojuegos más novedosos del mercado con los que su negocio supere a la competencia, espera tener el impacto positivo del crédito anterior y tener puntualidad en el pago de sus cuotas.

Previous Loan Details

David is requesting capital again because he sees the loans as a very useful tool for quickly expanding his business. With this loan, he will purchase a game counsel to keep updating his services. With the previous loan, David earned a lot more satisfied customers, a well-equipped business and… More from David Omar'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.

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About El Salvador

  • $4,900
    Average annual income
  • 652
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $500 helped David Omar to buy the latest video games.
47% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2014
Listed
Aug 18, 2014
Currency Exchange Loss:
N/A
This photo was used before for a previous loan for David Omar. It was first posted on Kiva on Nov, 2013. Learn More