Update on Rosa MariaRosa, 42, lives with her husband and children in their own house, but it doesn’t have basic utilities. Their home is located in the rural district of Tambogrande in Piura department which is a zone characterized by farming, cattle raising and arts and crafts. To get financing for a person like Rosa can be a little more difficult, and the work of Kiva and Edpyme Alternativa is crucial.
This is her second loan with Edpyme Alternativa and Kiva’s support and she has proven to be responsible in her payments. For about the last 6 years Rosa has sold groceries (products of daily use such as: milk, rice, oil, sugar, toilet paper, tuna, eggs, etc) cleaning articles and drinks. She has her business in her own house for her comfort and security. She tries to use the earnings from her sales to cover all the household needs and expenses.
To be able to continue consolidating her business and because of the success of her first loan, she has requested a loan from Edpyme Alternativa of 2000 new sols for working capital to buy pharmaceutical products and items for the business. Her only goal is that her business grows and she has more products to offer her customers.
Rosa is a hardworking person who is dedicated to her business and she worries about giving her family a comfortable life and offering opportunities to her children.
Este es el segundo credito de Rosa con Edpyme Alternativa con el apoyo de Kiva y demonstro ser muy responsable en su pago. Desde hace 6 años aproximadamente Rosa se ha dedicado a la venta de abarrotes (productos que se utilizan diariamente como: leche, arroz, aceite, azúcar, papel higiénico, atún, huevos,etc), útiles de limpieza y bebidas, su negocio lo ha colocado en su misma casa para su comodidad y seguridad, con las ganancias por la venta de sus productos trata de cubrir todos sus gastos y necesidades de su hogar.
Para poder seguir consolidando su negocio y luego del exito de su primer credito, ella le ha soicitado un credito a Edpyme Alternativa de 2000 soles nuevos soles compra de capital de trabajo para bodega y compra de productos farmacéuticos, con el único objetivo de que su negocio crezca y tenga más productos que ofrecerles a sus clientes. Rosa es una persona dedicada y trabajadora que se preocupa por tener más comodidades para su familia al igual que brindarle otras oportunidades a sus hijos.
Previous Loan DetailsRosa is 41 years old and lives in her home with her husband and children. They do not receive basic services. Rosa resides in the rural section of the District of Tambogrande, which is part of the Department of Piura. This area is known for having businesses that involve agriculture, livestock… More from Rosa Maria'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 28, 2012
- Jun 28, 2012
- Currency Exchange Loss:
- Jun 1, 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.