Update on HernanHernán is 25, single and has no children. He is a likable student in the International Business Administration department who studies a great deal to achieve his goals in life. He is successfully completing his studies to be a good administrator.
Hernán will use the loan to continue paying his tuition, for university housing and to buy the school supplies he needs. He is very grateful to Edaprospo and Kiva for the help provided and takes his leave eager to achieve his goals
Previous Loan DetailsGreetings from Peru are sent to you from a young university student, Hernán, who is 25 years old and single with no children. He is a likable student in the International Business Administration department, who is studying hard to achieve his goals in life. Herrnán's goal is to successfully fini... More from Hernan's previous loan »
About EDAPROSPOEDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
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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