Update on Edwin IvanIván is a young 24-year-old entrepreneur. He is a father of two and lives in a small developing community in the La Mantanza district of Morropón. Iván's job is to prepare land for sowing crops. He has offered this service for three years; it is in high demand in the area and he has an established clientele. Iván is requesting a loan of 1508 nuevo soles from Edpyme Alternativa to buy modern tools; his tools are deteriorating from use. He will also use the loan to fix up some of his tools. This will allow him to work at his best. Iván has a great desire to get ahead and wants to keep improving his work in order to improve his family's quality of life. This loan will allow him to continue working well.
He is a returning client and has always followed through responsibly with his promises.
Es cliente recurrente para nuestra institución cumpliendo responsablemente sus compromisos pactados.
Previous Loan DetailsIvan, an enterprising young man, is 23 and the father of a young child. He lives in a small rural community in the La Matanza district of Morropon. Ivan makes a living preparing land for planting. It's a necessary step for farmers in this region and Ivan has been doing it for 3 years. He ha... More from Edwin Ivan'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