Update on MagalyMagaly is a twenty-two-year-old mother of a family. She lives with her husband and children in a house that she owns, though it lacks basic services. It is located in Tambogrande, a district in the Peruvian "departmento" of Piura. The region is characterized by by agricultural activity, ranching, and craft work.
Magaly has made her living for several years by breeding and selling poultry and pigs. She has a corral in back of the house and she feeds them balanced diet, complete with natural grains. Once they reach their optimum growth, she is able to offer them to clients, and with the earnings she pays her family's expenses.
She has requested a loan from Edpyme Alternativa of 1000 PEN in order to buy balanced feed for her animals and improve their corrals. Once the animals fatten, she sells them at different markets in the region with the object of getting the best price for them. This way she is able to have more money and a better quality of life. Magaly is a hardworking and very responsible person, and the only thing she wants is for her family to get ahead.
Magaly se dedica desde algunos años a la crianza y comercialización de aves de corral y ganado porcino (cerdos), su corral lo tiene en la parte posterior de su casa, los alimenta con comida balanceada y granos naturales, una vez que lleguen a su crecimiento óptimo los puede ofrecer a sus clientes y con los ingresos que obtenga puede solventar los gastos de su hogar.
Ha solicitado un préstamo a Edpyme Alternativa de 1000 nuevos soles para comprar alimento balanceado para sus animales y mejorar sus corrales, una vez que se engorden los vende a los diferentes mercados de su zona, con la finalidad de que obtenga un mejor precio por ellos y así pueda tener más dinero para tener una mejor calidad de vida. Magaly es una persona trabajadora y muy responsable que lo único que quiere es que su familia salga adelante.
Previous Loan DetailsMagaly, 22, lives with her husband and children in a house that she owns. The house lacks basic services. It's located in Tambogrande, a district in the Peruvian "departamento" of Piura. The local people make their living from farming, raising livestock and making and selling traditional crafts.… More from Magaly'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
- Apr 22, 2012
- Currency Exchange Loss:
- Apr 27, 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.