Update on Veronica LizbethVeronica Lizbeth is 27 years old and lives in a rural community in Buenos Aires District. Her community has a hot climate, and its population works in agriculture, commerce and livestock-raising. It is located in Morropon Province, in Piura Region, on the northern coast of Peru.
She has for several years had her own business taking photographs, filming events and producing giant-sized posters. Her business is located in her home. She is requesting a loan of 2,000 PEN from Edpyme Alternativa to buy construction materials to make some repairs to improve the safety of her home.
Ella se dedica a brindar servicio de toma de fotografías, filmaciones y gigantografías, su negocio se encuentra ubicada en su domicilio, desde hace varios años, ha solicitado un préstamo a Edpyme Alternativa de 2 000 nuevos soles para la compra de materiales de construcción para su vivienda y de esta manera tener un lugar seguro donde residir.
Previous Loan DetailsVerónica Lizbeth is 26 years old. She lives in the district of Buenos Aires. Most of the residents of this area make a living by growing fruit trees. Mango is one of the main fruits grown. The residents also make a living in general commerce. The district is located two hours from the city of Pi... More from Veronica Lizbeth'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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid