Update on FannyFanny is 50 years old, single and has no children. Even though this can often be seen as a negative situation where she is from, she has demonstrated her will to prosper and work hard. Indeed, this is now the second loan Fanny takes from Edpyme Alternative with the support of Kiva, having had a good experience her first time around.
She lives in her own house, with her mother in the district of Tambogrande, Northern Peru. They do not have the basic services of water or electricity in her community. Fanny has two main sources of income. On the one hand, she sells cosmetics which has proven a succesful idea. On the other hand, she also has a small crop of lemons, which she takes care of with the help of her nephews. She is now looking for a loan of 1,500 to keep on expanding her cosmetics business and to buy compost for her lemon plants. She proved to be a responsible client and was prompt paying her previous loan.
Previous Loan DetailsFanny is a member of Edpyme Alternativa; she is 50 years old and lives with her parents in a caserio (a rural community still in the process of development) located 8 kilometers away from the district of Tambogrande, Piura. Fanny works selling beauty products through catalogs; she has a lot of… More from Fanny'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 29, 2012
- Jun 30, 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.