Update on Segundo SaturninoSegundo is 37 years old and is looking to take out his second loan with Kiva's support as his first loan helped him to consolidate his business. He would like to continue improving his family's well-being. Segundo lives with his partner and has one child in his care. He lives in his own home together with his partner and son. Their house is located in the rural part of Tambogrande district, in the north of Peru, though they do have electricity.
Segundo's business activity is raising livestock (sheep and farmyard birds). When the animals have reached an ideal size and weight, he sells them in the local market. In addition, he is also an agricultural technician and works pruning and grafting mango plants on different farms and plots of land. He has more than six years experience in livestock raising and farming. He will use his loan to improve his home.
La actividad que desarrolla el titular es la crianza de ganado menor (ovino y aves de corral), los cuales al alcanzar tamaño y peso ideal los comercializa en el mercado local. Complementariamente es técnico agropecuario y trabaja haciendo podas e injertos en las plantas de mango de las diferentes parcelas y fundos agrícolas. Cuenta con más de 6 años de experiencia en la ganadería y agricultura. El destino del crédito será para la ampliación de su vivienda.
Previous Loan DetailsSegundo is 35 years old. He lives with his wife and son in Tambogrande, an agricultural region that is located in the province of Piura. It is located more than four hours from the city of Chiclayo, capital city of the region of Lambayeque. He doesn’t have basic services such as water and hydro.… More from Segundo Saturnino'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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