Milagros Del Rosario
Update on Milagros Del RosarioMilagros del Rosario is 34 years old, married, and lives in her own home with her husband and children. She has good references and has demonstrated herself to be very responsible with her previous loans, always paying on time. She lives in a community that has 5 thousand people and she lives in a rustic house. Milagros has worked selling beef and pork for the past 3 years in the village of Morropon, in the north of Peru.
The loan that she is asking for will be invested in her business, specifically for the purchase of small animals like goats and pigs, this way she will have greater income to support her family and as a result better living conditions. The market has potential for investment in this type of business, given that there are few people with similar businesses and market prospects are good for investment in the purchase of animals. She expects to be profitable in the short term. One of her primary objectives is to gain more clients and to sell 100% of her products, and to achieve this she works very hard and responsibly, waking up very early every morning to get to work.
Previous Loan Details31-year-old Milagros lives with her family in her own home which has piped water and electricity. It is located in the urban area of Morropón district, in Piura department. This area is noted for its farming, livestock raising and handicrafts. Milagros' business is renting out Internet termi... More from Milagros Del Rosario'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