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Luis Wilhelm

Update on Luis Wilhelm

Luis continues participating in the Chaska communal bank of Asociación Arariwa in the city of Cusco. He continues promoting cultural and social events and also involved in the small family business that consists of food sales. Currently Luis has ceated a web page where he offers his radio and tv services (www.voce.pe). This time Luis needs a loan to continue running his web page.

Luis is grateful for the opportunity provided him through this loan and promises to comply with the scheduled payments on time.
View original language description ↓
Luis sigue participando en el banco comunal “Chaska” de la Asociación Arariwa de la ciudad del Cusco. Luis sigue dedicándose a promover eventos culturales y sociales. Luis también sigue con el pequeño negocio familiar que consiste en la venta de comida. Actualmente, Luis ha creado una página web donde se brinda servicios de radio y tv. (www.voce.pe)
En esta oportunidad Luis requiere el préstamo para seguir implementando la pagina web.

Luis 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

Luis Wilhelm is a hard working, responsible person. It was because he has these qualities that his neighbours invited him to become part of the "Chaska" communal bank, which is part of the Arariwa Association. Luis Wilhelm was born in the city of Cusco (Peru), and is 32 years old. He lives in… More from Luis Wilhelm'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
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Luis Wilhelm to continue running his web page.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Dec 3, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Luis Wilhelm. It was first posted on Kiva on Jul, 2011. Learn More