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Herminio

Update on Herminio

Herminio is fifty-eight and lives with his wife in his own home. He has indoor plumbing and electricity. His house is located in the district of Cayaltí in the province of Chiclayo. In this area, agriculture and livestock are practiced. Herminio sells sausages and kebabs on the outskirts of the Cayaltí market, in a very frequented place. If he sells high-quality products, his sales will increase along with his customers. He has worked previously with Kiva and it has gone rather well for him. This is why he is turning to them for a new loan that will let him continue developing his business. Currently, he is requesting a loan for 1,500 PEN that will help him acquire better sausages. Herminio is a hard-working and responsible person who hopes that his business grows so that he can offer a better quality of life to his wife. He is thankful in advance for the support offered to him.
View original language description ↓
Herminio tiene 58 años de edad,vive con su esposa en su casa propia, cuenta con servicio de agua y luz solamente, ubicada en el distrito de Cayaltí que pertenece a la provincia de Chiclayo. Esta zona desarrolla la actividad agrícola y ganadera.

La actividad que desarrolla Herminio es a la venta de embutidos y anticuchos en las afueras del mercado de Cayaltí, por ser un lugar muy transitado y vender productos de calidad sus ventas aumentarán, al igual que su clientela.

El ya ha trabajado anteriormente con Kiva y le ha ido bastante bien, por ello se encuentra acudiendo por un nuevo crédito que le permita seguir desarrollando su negocio. Actualmente se encuentra solicitando un crédito de 1500 nuevos soles que le ayuden a adquirir mayor mercadería en embutidos.

Herminio es una persona empeñosa y responsable que desea que su negocio crezca para brindarle un nivel de vida mejor a su esposa. El agradece de antemano el apoyo brindado.

Previous Loan Details

Herminio, 57, lives with his wife in his own house that only has water and electricity located in Cayaltí District which belongs to Chiclayo Province. This zone is a farming and livestock raising area. Herminio sells cured meats and anticuchos (skewered grilled meat) outside the Cayaltí mar... More from Herminio's previous loan »

Additional Information

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 Peru

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,986,025
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Herminio to buy sausages to expand his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 1, 2013