Update on Rosa GladysRosa is 46 years old and she has one dependent son. they live in the Las Lomas district, an agricultural area located in the province of Piura, more than four hours from the city of Chiclayo, the capital of the Lambayeque region. She sells children's and adults' clothing which she offers to the general public and to the people who visit the area where she lives. She also raises and sells small animals, especially sheep. She raises the animals on some land close to her house and when the animals are at a good level of development she sells them in the markets close to her community. She has established clientele in the area. She wants to expand her business buying school clothing since the beginning of the school year is approaching. She also wants to buy balanced feed for her animals to reach a good size and weight to sell them at a better price. With this investment, she will be able to increase her income and keep investing in the business. That is why she has decided to ask for a loan of 700 nuevos soles from Edpyme Alternativa.
Previous Loan DetailsRosa is 45 years old; she is single and has one dependent son. They live in the district of Las Lomas -- an agricultural area located in the Piura province, more than four hours away from the city of Chiclayo, which is the capital of the Lambayeque region. For more than five years, Rosa has been… More from Rosa Gladys'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
- 13 months (Additional Information)
- Repayment Schedule
- Mar 24, 2012
- Mar 9, 2012
- Currency Exchange Loss:
- Apr 27, 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.