Update on MercedesMercedes is 58 and lives with his wife in his own home. He has 2 children that he supports. He lives in the area of the town of Las Juntas in the Pacora district. They have electricity and running water in their home. The place where he lives is a small community with approximately 200 families.
Mercedes makes a living by raising and selling animals in the Pacora area. He has experience with this business. In particular, he sells goats and pigs. He is helped by his wife, who also receives agricultural income because she works as a day laborer. The amount of the requested loan is 2,000 PEN, which he will invest in the purchase of animals, especially goats. He will also buy feed for his animals. This is with the goal of fattening them, of having more livestock, and of increasing the value of his products so he can increase his profits.
La actividad que desarrolla Mercedes es la crianza y venta de animales, por la zona de Pacora.Cuenta con experiencia en el negocio, vende especialmente ganado caprino y ganado porcino. Es ayudado por su esposa, quien también percibe ingresos por agricultura ya que se dedica al jornal.
El monto del crédito solicitado es de 2000 nuevos soles, los cuales se invertirán en la compra de animales, sobre todo de ganado caprino, y también para la compra de alimentos para sus animales. Esto con la finalidad de engordarlos, tener más ganado y cotizar mejor sus productos, incrementando sus ganancias.
Previous Loan DetailsMr. L. is 56 years old, married, and has two children. They live in their own home in the village of Las Juntas in the Pacora district of the Lambayeque region of Peru. For the past 6 years, Mr. L. has dedicated himself to his business of raising and trading livestock. He raises his animals… More from Mercedes'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 3, 2012
- Apr 14, 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.