Update on MercedesMercedes, 38, is a single mother with 2 children. They live in a house she owns in a rural part of Piura province, about 3 hours from the city of Chiclayo.
Mercedes operates a business selling fruits and juices from her house. She has operated the business for 3 years, working Mondays to Fridays. She tell us that the business is well known in the neighborhood and that she has a steady stream of customers because it's just across from the area's bus stop and convenient to anyone waiting there.
Mercedes plans to use this loan to stock her business with the fruits and juices that she sells. She also wants to buy tables and chairs so that she can attract more customers. She estimates the investment will cost 1500 new soles, so she is applying for a loan for that amounts.
Mercedes is well liked and admired by the people of her community.
Mercedes se dedica a la venta de frutas y jugos de lunes a viernes en su propio domicilio, a mencionada actividad se dedica ya un aproximado de 3 años. Su negocio es muy conocido por los moradores de la zona y según nos comenta Susana cuenta con buena concurrencia de clientes.
Sus ventas diarias son muy buenas, pues su negocio está ubicado en una zona muy estratégica, específicamente frente al paradero de combis y motos del caserío.
Mercedes desea utilizar el crédito solicitado para la compra de frutas que le permita tener en stock debido a que hay demanda suficiente a la que desea satisfacer y adicionalmente para la compra de sillas y mesas, lo que permitirá brindar una mejor atención a su publico, por lo que solicita un crédito de 1500 Nuevos Soles.
Mercedes es una persona muy considerada y admirada por los moradores de la zona en donde vive.
Previous Loan DetailsMercedes is 38 years old and a single mother of two children. She lives in her own home with her children in the rural section of the District of Tambogrande, an agricultural area situated in Piura Province, which is more than four hours away from the city of Chiclayo, the capital of Lambayeque… More from Mercedes's previous loan »
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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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jan 19, 2012
- Feb 11, 2012
- Currency Exchange Loss:
- Oct 16, 2012
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.