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Milton Daniel

Update on Milton Daniel

Milton Daniel is 40 years old. He lives with his wife and children in the Nueva Arica district. Its people work in agriculture, commerce, and livestock-raising. It is located in the province of Chiclayo, which belongs to the Lambayeque region on the northern coast of Peru.

Together with his wife, he has been raising and selling animals such as roosters, hens, and chickens for more than six years. Milton has applied for a loan of 2000 PEN to buy balanced feed to fatten his animals and offer them to his customers at a better price.
View original language description ↓
Milton Daniel tiene 40 años de edad, vive junto a su esposa e hijos en el distrito de Nueva Arica, su población se dedica a la agricultura, comercio y ganadería, ubicada en la Provincia de Chiclayo que pertenece a la Región Lambayeque, costa norte del Perú.


Junto a su esposa se dedica a la crianza y comercialización de animales, como gallos, gallinas, pollos, desde hace más de seis años, Milton ha solicitado un préstamo de 2 000 nuevos soles para la compra de alimentos balanceados para engorde de sus animales y ofrecerlos a un mejor precio a sus clientes.

Previous Loan Details

Milton Daniel, 39, lives with his wife and children in Nueva Arica, a rural area of the city of Chiclayo on Peru's north coast, where the residents farm and raise livestock. He and his family raise and sell animals and are well-known in the area. Milton says this has been his trade for more than ... More from Milton Daniel'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.

Tags

About Peru

  • $6,715
    Average annual income
  • 84
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Milton Daniel to buy balanced feed to fatten his animals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014