Update on Jose PabloJose is 25 years old and lives in his own house with his wife and children. He does not have all the basic services as his house is located in the rural district of northern Peru, Tambogrande. Most people in the area develop agriculture, livestock and crafts. He has proven to be a very responsible and punctual person, as this is his second loan with Alternative Edpyme supported by Kiva. This time Jose wants to invest in his business of selling fish, as well as food for other animals.
Jose devotes himself to the purchase and sale of fresh fish which he sells on the streets of his neighborhood. He has clientele that purchase from him due to the good quality of his product. With the revenue derived he will be able to afford his family's daily expenses. His wife raises and sells poultry so in this way they have additional financial support for their home.
José se dedica a la compra y venta de pescado fresco, el mismo que vende por las calles de la zona donde vive, tiene su propia clientela que le compra por la buena calidad de su producto, con los ingresos que obtiene puede solventar su gastos diarios de su familia. Su esposa cría y comercializa aves de corral y así tienen otra ayuda económica para su hogar.
Previous Loan Details24-year-old José lives in his own house with his wife and children. They do not have all the basic services, as they are located in a rural area in the district of Tambogrande, in the department of Piura. In this area the inhabitants are involved in agriculture, livestock and artisanal activities... More from Jose Pablo'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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- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- May 29, 2012
- Jun 29, 2012
- Currency Exchange Loss:
- Jul 29, 2012
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.