Update on ElidaElida is 37 years old and is living with her husband and 2 sons. Her house is equipped only with running water. It is located in Nueva Arica, in the province of Chiclayo in Northern Peru. She is a hard-working woman determined to progress and improve her living conditions and that of her family. As a result, she has a strategic mind. This is now the second loan she is taking with Edpyme Alternativa with the support of Kiva, given that the first one was successfully and punctually repaid.
The primary business activities in the region are agriculture, farming, and tourism. Elida raises and sells livestock, mainly poultry, turkeys, ducks, and guinea pigs. The corrals where the livestock are kept are located in the rear section of her property. She feeds them a balanced diet and natural plants (alfalfa). When the livestock have reached an optimum size and weight she sells them at the different markets in the city of Chiclayo.
After her first loan helped her to consolidate her business, Elida is now requesting a loan of 1500 nuevos soles to make updates to her house and improve the quality of the condition where her family lives. She has proven a very responsible person.
Previous Loan DetailsElida is 37 years old, single, and she lives along in a house which she owns. It is equipped only with running water and with hydro. It is located in Nueva Arica, belonging to the province of Chiclayo. The primary business activities in the region are agriculture, farming, and tourism. Elida… More from Elida'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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