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Feliciano

Update on Feliciano

The member, Feliciano, continues with his farming. He also continues with his natural products consultancy and wants to be able to expand his place and install display cases to show the alternative products he sells from Omnilife. This time he wants to invest the loan in buying natural products and shakes of the same brand.
View original language description ↓
El socio es el Sr. Feliciano; continua con sus terrenos de cultivo, le socio también continua con su consultorio naturista y desearia poder ampliar el local y poner vitrinas para la exhibicion de los productos alternos que vende de la linea omnilife, el socio en esta ocasión desea invertir el prestamo en la compra de productos naturales y los batidos de la misma linea.

Previous Loan Details

Feliciano belongs to the “Qori Orcco” Communal Bank, located in the Urcos district, Quispicanchis provonce, Cusco department. He is 56 years old, a widower, and has 2 children. Feliciano alternates his daily activities between negotiating the purchase of products such as potatoes, corn, and on... More from Feliciano'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
  • 108
    View loans »
    Peru Loans Fundraising
  • $56,100,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Feliciano to buy Omnilife natural products and shakes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2011
Listed
Dec 18, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012