Update on MartinMartín is a 51 year old man living with his wife and son who is in his care. His house is located in Pachas hamlet in Chulucanas District. He lives in the rural part of said district but does have electricity.
Martín’s activity is raising small farm animals or small livestock (goats and pigs) which when they reach ideal size and weight are sold in the local market. He’s also employed by a firm and earns a salary paid to him every 15 days.
The 1500 new sol loan will be used for home improvements, especially for the roof which has been damaged and he wants to repair and remodel it.
La actividad a la que se dedica Martín es a la crianza de animales menores o ganado pequeño (caprinos y porcinos) los cuales al alcanzar su tamaño y peso ideal, se venden en el mercado local, Adicionalmente, trabaja en una empresa en donde recibe un salario cada 15 días.
El monto del préstamo solicitado es de 1500 nuevos soles, los cuales serán utilizados en el mejoramiento de su vivienda, especialmente en el techo de la misma, ya que ha sufrido daños y quiere arreglarlos y remodelar dicha parte de la casa.
Previous Loan DetailsMartin is the father of a family. He is 50-years old and he lives with his wife and children in a house which they own. It is located in the community of Paccha in the district of Chulucanas. It is one hour from the department of Piura. This region's primary businesses are agricultural, farming,… More from Martin'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 6, 2012
- Apr 18, 2012
- Currency Exchange Loss:
- Mar 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.