Update on RudoricoRudorico 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.
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 DetailsRudorico, 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 »
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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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