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Rudorico

Update on Rudorico

Rudorico is 45 years old and lives with his wife and children in the village of El Campo, a rural area in the Callayuc district. Its people work in agriculture, trade, and livestock in the province of Cutervo, which belongs to the Cajamarca Region in northern Peru.

He has been breeding and trading cattle for 10 years. His wife supports his work. He has requested a loan of 2501 PEN from Edpyme Alternative in order to purchase feed for the production of fresh milk. This would allow him to offer a greater production of fresh milk to his clients, thus generating more income for his family.
View original language description ↓
Rudorico tiene 45 años de edad, vive junto a su esposa e hijos en el Caserío El Campo, una zona rural del distrito de Callayuc, su población se dedica a la agricultura, comercio y ganadería ubicada en la Provincia de Cutervo que pertenece a la Región Cajamarca, sierra norte del Perú.


El se dedica a la crianza y comercio de ganado vacuno desde hace 10 años, su esposa le apoya en esta labor, ha solicitado un préstamo de 2 501 nuevos soles a Edpyme Alternativa para la compra de alimentos balanceados para la producción de leche fresca y de esta manera tener una mayor producción de leche fresca a sus clientes, generando mayores ingresos para su familia.

Previous Loan Details

Rudorico, 43, lives with his wife and children in their own home, that doesn't have basic services. Their house is located in the district of Callayuc belonging to the department of Cajamarca. This area is characterized by agriculture, livestock and crafts. Rudorico works in agriculture and h... More from Rudorico's previous loan »

Additional Information

More information about this loan

This product was created to assist Edpyme Alternativa to expand their reach into rural areas of Northern Peru in order to attend more underserved populations. Kiva funding allows the institution to access the Northern areas of the Piura, Lambayeque, and Cajamarca regions, which are generally too costly to serve and therefore less attended by financial institutions.  
 

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

  • $6,715
    Average annual income
  • 75
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Rudorico buy feed for the production of fresh milk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2014
Listed
Mar 12, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014