Update on EvaristoEvaristo is 51 years old, married and has three children, one of whom is still dependent on him. He lives in the rural area of Morrope district, in a small community of approximately 20 families which has electricity. Evaristo's business is raising and selling livestock (he keeps cows, goats and farmyard birds). He has been in this business for ten years. His business is located at home and he learned from his parents which means that he knows this work inside out. In addition, he also grows pulses (legumes). This is the part of his business that he is looking to expand.
Evaristo will invest his loan in finishing the building of his house and in buying pulses from farms. There is competition in this business but there is also a large market and he has experience. He takes his produce to the wholesale market in Piura once a week to sell.
El destino del crédito será para invertir ena la culminacion de la construccion de su domicilio y compra de menestra en chacra. Este negocio cuenta con competencia pero también cuenta con un amplio mercado para su comercialización debido a la experiencia en el manejo de su negocio, los mecados donde lleva su menestra de manera semanal, es el mercado de abastos de Piura.
Previous Loan DetailsEvaristo is 50 years old and lives with this wife and three children in their own home, which only has electricity. It is located in the Mórrope district in the department of Lambayeque. This area is characterized by agricultural activity, raising livestock, and tourism (archeological area).… More from Evaristo'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
- 12 months (Additional Information)
- Repayment Schedule
- May 23, 2012
- Jun 25, 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.