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Adolfo

Update on Adolfo

Adolfo, 25, is the member; he’s 25 years old and single. He continues selling crafts. He sells sweaters, blankets, shawls and gloves. He sells in Chinchero’s crafts district and works from 8am until 6pm. He supports his children through this business. He wants to enlarge and improve the crafts sales business and is asking for a loan to buy more crafts like sweaters, shawls, gloves and hats at wholesale. He’s happy with the loan and commits to make his installment payments.
View original language description ↓
El socio es el Sr. Adolfo; el tiene 25 años de edad y es soltero; El socio se sigue dedicando al negocio de venta de artesania,el socio vende chompas,mantas,chalinas y gunates,el socio vende en el centro artesanal del distrito de Chinchero,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,por medio de este negocio el socio saca adelante a sus hijos,el socio quiere ampliar y mejorar el negocio de venta de artesania . El socio solicita el préstamo para comprar artesanía como chompas,chalinas,guantes y sombreros al por mayor.

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

Previous Loan Details

Here is a member of the communal bank "Mateo Pumacahua". It is located in the district of Chinchero, belonging to the province of Urubamba and to the department of Cusco. His name is Adolfo. He is 24 years old and he is single. He alternates his daily activities with his crafts business. He… More from Adolfo'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

  • $6,715
    Average annual income
  • 56
    View loans »
    Peru Loans Fundraising
  • $53,895,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Adolfo to buy crafts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 8, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Adolfo. It was first posted on Kiva on May, 2011. Learn More