Update on Teresa GiovannyTeresa, 37, is a single mother. She has one daughter and lives in her family house, in a small community in Túcume with approximately 100 families, and has electricity and water services.
She always has worked raising and selling animals and groceries. She has developed excellent experience in business. She especially sells pigs, ducks, and beer. She sells her animals throughout the Túcume area and already has regular customers.
In particular, Teresa has been able to develop this business thanks to her hard work and good reputation, because this is her third loan with the organization. She will use this latest loan of 2500 soles [PEN] to expand her business buying animals, especially pigs and ducks, and animal feed.
Ella siempre se ha dedicado a la crianza y venta de animales y bodega. Ha desarrollado gran experiencia en el negocio, vende especialmente lo que es chanchos ,patos y cerveza, vende sus animlaes por toda la zona de tucume ya cuenta con clientes fijos.
Precisamente teresa ha podido desarrollar este negocio gracias a su trabajo fuerte y buena reputacion dado que este es su tercer prestamo con la entidad. Este ultimo prestamo de 2500 soles lo utlizara para expandir su negocio comprando animales, especialmente canchos, patos y alimentos.
Previous Loan DetailsTeresa is a 36-year-old single mother who lives with her 16-year-old daughter in her mother’s home, located in the outskirts of the Túcume district. The area where Teresa lives has basic services, and is a small community with aspirations to improve. Teresa’s business is raising and selling s... More from Teresa Giovanny'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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