Update on Julio CesarThe member is 45 year old Julio. He has a life partner and three children.
He continues to devote himself to the handicrafts business. He sells dolls, woven goods, and sweaters among other handicrafts. He sends them to places like Bolivia. He also works as a security guard in a commercial center from 8:00 a.m. until 6:00 p.m. Through this business he gets his children ahead.
He requested the loan to buy handicrafts and to buy materials like wool and knitting needles to make handicrafts.
He is grateful for and values the loan that was granted to him. He pledges to make his payments on time.
La socia agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsJulio is a member of the “Los Diamantes” (Diamonds) community bank which is located in Huanchac district, in Cusco province, in Cusco department. Julio is 45 years old. He lives with his partner and has 3 children. He has worked as a security guard since 2003. He is also investing in a… More from Julio Cesar's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Nov 18, 2011
- Nov 23, 2011
- Currency Exchange Loss:
- Apr 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.