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Magno

Update on Magno

Magno is 34 years old, married and has 2 children. He is one of those determined and hard working people who has proven that these characteristics, combined with appropriate and responsible financial support, can bear fruit (or lemons in his particular case). He has previously taken two successful credits with Edpyme Alternativa, supported by Kiva, and his lemon crop business continues to help him support his family.

Magno lives in a rural area in Northern Peru with no basic water or electricity services. He grows lemons, which he harvests on a weekly basis. He has also started raising a couple of animals, which he sells in the local market, in order to have a diversified income stream. He has a long history of experience in agriculture and carries out this activities in his own backyard. This time he is looking to get a loan of 2000 soles (PEN) in order to buy fertilizers and to clean his lemon crop, so that his crop can remain of good quality.

Previous Loan Details

Magno is 34 years old and married with 2 children. He lives in his own house with his family in Tambogrande district, an agricultural zone located in Piura province, more than 4 hours from the city of Chiclayo, capital of the Lambayeque region. Magno resides in the rural portion of the district a... More from Magno's previous loan »

Additional Information

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 Peru

  • $12,000
    Average annual income
  • 100
    View loans »
    Peru Loans Fundraising
  • $58,002,425
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Magno to buy fertilizer for his lemon crop and to invest in the cleaning of the harvest.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 21, 2013