Update on ViterbaViterba is a 46-year-old woman living with her husband and children in a rural area in the Tambogrande district in Northern Peru. She is an entrepreneur who is now looking to take her second loan with Edpyme Alternativa with the support of Kiva, following a successful and punctual repayment of credit last year.
Viterba has established a small stand selling 'salchipollo' (hot dogs with french fries and fried chicken) during the weekend, while taking care of raising poultry during the week. On the back of the success of her food stand and the needs of her poultry, she is now looking for a credit of 2200 soles to buy animal feed and supplies for her delicious 'salchipollo'. As she continues to establish a good reputation for her food, this loan is sure to help her continue expanding her client base and consolidating her business.
Previous Loan DetailsViterba is a 45 year-old mother who lives with her husband and children in her own home which only has electricity. It is located in TambogranD. district, one hour from Piura department. The residents of these areas work in farming, livestock raising and handicrafts. Viterba sells… More from Viterba'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
- May 26, 2012
- Jun 26, 2012
- Currency Exchange Loss:
- Jun 21, 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.