Update on CarmenCarmen, age 49, is married and has four children under her care. She lives in her own house in the Valle de los Incas sector of the Tambogrande district. She lives in a rural area of the district, but she does have electrical service.
Carmen’s business activity is selling food and “chicha” (a corn based drink). Her business is located in her own home. She tends to her business on Fridays, Saturdays, Sundays, and Mondays with customers whom she knows. She has been doing this for over six years.
Her husband is a farmer, and he has his own land. He grows mangos and lemons, which he harvests and sells weekly. He is generating extra income to support his wife with the obligations of the loan and with providing the family with food.
She is requesting a loan for 1,200 soles to buy supplies to make chicha. She will buy things like sugar, hard corn, and fertilizers for their crops.
La actividad que desarrolla Carmen es la venta de comida y chicha, negocio ubicado en propio domicilio, atendiendo los días viernes, sábados, domingos y lunes contando con clientela conocida. Esta actividad la desarrolla hace más de 6 años. Su esposo se dedica a la agricultura, terreno propio, en el cual tiene sembrado mango y limón que cosecha y vende semanalmente, generándole ingresos extras para apoyar a su esposa en sus obligaciones crediticias y canasta familiar.
El monto del crédito solicitado es de 1200 nuevos soles, los cuales serán invertidos en la compra de insumos para la elaboración de chicha, tales como azúcar, maíz duro, así como para la compra de fertilizantes para sus cultivos.
Previous Loan DetailsCarmen is 49 years old, married and has four children. She lives in her own home in the district of Tambogrande, an agricultural area in the province of Piura, over four hours from the city of Chiclayo, the capital of the Lambayeque Region. The area has no basic utilities such as running water ... More from Carmen'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
- Mar 13, 2012
- Mar 31, 2012
- Currency Exchange Loss:
- Jan 15, 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.