Update on Johnnathan HaroldJohnnathan Harold is 21 years old, single, and has set many professional goals for the long term. Currently he has begin his fifth semester of classes toward a degree in Electronic and Telecommunication Engineering. He has been studying for two years and he has about three years left before he finishes.
One of his biggest dreams is to have his own business and he is grateful to his parents for being his greatest support and he wants to be the one who supports them.
He will use the loan to cover the total cost of his fifth semester of his degree. This way he will be able to study comfortably with out worrying about a lack of money when his payment comes due and avoid having his exams restricted.
El préstamo recibido lo invertirá en el pago total de las cuotas del quinto ciclo de su carrera, para así poder estudiar tranquilamente, sin la preocupación de la falta de dinero cuando se vence su cuota y evitar que le restrinjan los exámenes.
Previous Loan DetailsJohnnathan, 20, is studying electronic engineering and telecommunications in a private university. He has been studying for a little over a year. He requested a previous loan to take some extra courses. He repaid that loan punctually, an indication of his responsibility. Previously he had... More from Johnnathan Harold'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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