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Elias

Update on Elias

35-year-old Elías lives with his wife and children in the district of Oyotún in Chiclayo province, which forms part of the Lambayeque region on the north coast of Peru. The people there work in farming, trade and cattle rearing.

Elías and his wife have been breeding and selling animals such as cocks, hens and chickens for 5 years and they run their business from their home. Elías has applied for a loan of 1,800 nuevos soles to buy formulated feed to fatten up his animals and also to build coops to accommodate his animals better.
View original language description ↓
Elías tiene 35 años de edad, vive junto a su esposa e hijos en el distrito de Oyotún, una comunidad que 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 dedican a la crianza y comercialización de animales gallos, gallinas, pollos, desde hace 5 años, su negocio se encuentra ubicado en su domicilio, ha solicitado un préstamo de 1 800 nuevos soles para la compra de alimentos balaceados para engorde de sus animales y una segunda parte para la construcción de corrales para distribuir de una mejor manera.

Previous Loan Details

Elias, 35 years old, lives with his family in the district of Oyotún, a rice and yucca producing zone two hours from the city of Chiclayo, Lambayeque region, on the northern coast of Peru. He provides bricklaying services, and is very well known for the work he does. He has applied for a loan... More from Elias'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

  • $12,000
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Elias to buy formulated feeds to fatten up his animals and also to build coops.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 27, 2014
Listed
Apr 8, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015