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Wilfredo

Update on Wilfredo

Wilfredo, 40, lives with his partner, and has a son. He continues to have a grocery store and restaurant. He and his wife run the two businesses.

He sells various household necessities, such as rice, sugar, noodles, and oil. As well, his wife prepares different dishes such as baked chicken, chicken stew, and soups. He is supporting his family by means of these small businesses. He wants to expand and improve the restaurant service and the grocery store.

He is applying for the loan in order to buy cooking ingredients for the restaurant, such as rice, meat, chicken and vegetables, as well as products for the grocery store, such as rice, sugar, cooking oil and milk.

Wilfredo is happy to receive the loan, and is committed to making his instalment payments.
View original language description ↓
El socio es el Sr. Wilfredo; el tiene 40 años de edad y es conviviente y tiene 1 hijo; El socio sigue con sus negocios de tienda de abarrotes y negocio de restaurant junto con su esposa administran los dos negocios,el socio vende diferentes productos de primera necesidad como arroz,azucar,fideos y aceite y tambien su esposa prepara diferentes platos de comida como pollo al horno,estofado de pollo y sopas,el socio por medio de estos pequeños negocios saca adelante a sus hijos,el scoio quiere ampliar y mejorar la atencion de restaurant y rienda de abarrotes. El socio solicita el préstamo para comprar productos para cocinar como arroz,carne,pollo y verduras para el restaurant y también productos como arroz, azúcar, aceite y leche para la tienda de abarrotes.

El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This member belongs to the “MATEO PUMACAHUA” community bank. The bank is located in the district of Chinchero, which belongs to the province of Urubamba and departament of Cuzco. The member's name is Wilfredo. He is 39 years old, in a common law marriage, and has 1 son. He alternates his daily... More from Wilfredo's previous loan »

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

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 Peru

  • $12,000
    Average annual income
  • 125
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Wilfredo to buy cooking ingredients for the restaurant, such as rice, meat, chicken and vegetables, as well as products for the grocery store, such as rice, sugar, cooking oil and milk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 7, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Wilfredo. It was first posted on Kiva on May, 2011. Learn More