Update on RaymundoThe member is Raymundo. He is 62 years old and married with three children. He continues working selling earthenware plates, pots, and other utensils. Now he also has a plot of land where he grows corn, potatoes, and beans. With these businesses he gets his children ahead. His dream is to expand the space for selling earthenware and also to improve his agriculture business.
He is requesting the loan to buy earthenware cups, plates, and ornaments wholesale and also to buy seeds and fertilizer for his crops.
The member is grateful to those who are part of this dream by means of this and pledges to making his payments by the established deadline.
El socio agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsRaymundo is a member of “Los Líderes” (The Leaders) community bank which is located in Cusco district, in the province and department of the same name. Raymundo is 62 years old. He is married and has 3 children. He divides his time between his daily activities and his business selling… More from Raymundo'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