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Juan

Update on Juan

Juan continues to participate in the communal bank "Las Palmeras" in the Asociación Arariwa in the city of Cusco.

Juan lives in Cusco, and this is where he is developing his economic activities.

Juan is continuing to work selling spices and condiments. He has had this business for a number of years, and it is going very well. Juan needs a loan to buy condiments such as, for example, cumin, pepper and other products.

Juan is grateful for the opportunity being provided through these means, and he pledges to make his payments according to the established schedule.
View original language description ↓
Juan sigue participando en el banco comunal “Las Palmeras” de la Asociación Arariwa de la ciudad del Cusco.

Juan vive en la ciudad del Cusco y donde desarrolla sus actividades económicas.

Actualmente, Juan sigue dedicándose a la venta de especias y condimentos. Ya son varios años que se dedica al negocio y le va muy bien. Juan requiere el préstamo para comprar condimentos como por ejemplo comino, pimienta y otras cosas más.

Juan se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

This is a member of the communal bank “LAS PALMERAS”; he lives in the Huanchac district in the Cusco province and Cusco department. Mr. Juan is 60 years old and married. He is from the Puno province and Juliaca district. He lives in the city of Cusco, and has been a trader for more than 20 ... More from Juan'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
  • 65
    View loans »
    Peru Loans Fundraising
  • $54,555,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Juan to buy spices such as cumin, pepper and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2011
Listed
Nov 18, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Juan. It was first posted on Kiva on Jul, 2010. Learn More