Update on Oscar IsidroOscar is 38 years old and lives in the house of a relative with his wife and two children. They are aged 11 and 9 years old and they go to school. Oscar is very responsible and getting his children ahead is his priority. For the past number of years his business has been repairing and selling watches. His stall is located close to his residence. He is sought out by his customers as he is very honest in his work. Moreover he is a very enterprising person and with his income he has managed to pay off some of his expenses. Oscar is asking for this loan in order to buy watches, watch straps and batteries, to take better care of his customers, increase his profits and raise his family's standard of living.
Previous Loan DetailsOscar is 37 years old. He lives together with his wife, who works, and two daughters who are in school. Oscar has his own business where he works selling watches, bracelets, rings, and other gold and silver accessories. He is located on a main street, as this is a very well-traveled place, which ... More from Oscar Isidro's previous loan »
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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
504View loans »
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Jul 29, 2013
- Aug 8, 2013
- Currency Exchange Loss:
- Sep 7, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.