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Martin

Update on Martin

Martín 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.
View original language description ↓
Martín es un hombre de 51 años de edad, convive con su esposa y tiene un hijo a su cargo. Su domicilio propio se ubica en el Caserío Pachas, en el distrito de Chulucanas. Vive en la parte rural del referido distrito, pero cuenta con servicio eléctrico.
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 Details

Martin 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 »

Additional Information

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.

About Peru

  • $6,715
    Average annual income
  • 127
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Martin to improve the roof of his home, which was damaged by rain.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013
This photo was used before for a previous loan for Martin. It was first posted on Kiva on May, 2011. Learn More