Update on Maria FortunataMaría, aged 42, is married and the mother of three children. She lives in her own house in the rural area of the district of Pacora in the province of Lambayeque. She has been breeding and selling small animals for over ten years. She keeps the animals in the backyard of her house, and when they reach an appropriate weight she sells them to the general public and to merchants who come to her area.
María wants to expand her business by buying more animals and balanced feed. She wants that her animals reach a better weight and size in order to sell them at a higher price. Therefore she thought that she should take out a loan of 2000 new soles from the microfinance institution Edpyme Alternativa. Thanks to this investment she hopes to expand her business and earn enough profit to continue to support her husband with household expenses. María is a long-standing client of Edpyme Alternativa and has always been punctual with her repayments. In addition, she has good references from her neighbors and customers, because she is very reliable in her business commitments.
Previous Loan DetailsMaria is 41 years old, married, and has three children. She lives in a house that she owns in the rural part of the District of Pacora in Lambayeque. For the past ten years, she has worked raising and selling animals. She raises the animals in the back part of her house and when they reac... More from Maria Fortunata'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