Update on RufinoThe member Rufino continues in the business of selling natural medicine. He is a healer and has been doing this activity for forty years. The motive behind going on and on doing this is the strength that comes with manifestation.
The member at this time wants to use the money from the loan to buy ingredients such as natural herbs and roots, animal baits and wholesale herbs.
The member is asking for a loan in order to invest in the purchase of these natural products for the making of his medicine.
El socio Rufino; continua con su negocio de venta de medicina natural, el socio es curandero y ejerce esta labor desde hace 40 años atrás motivo por el cual continua y continuara haciendo esto hasta que las fuerzas le acompañen manifiesta el socio; el socio en esta ocasión desea invertir el credito en la compra de sus ingredientes como son hierbas naturales y raíces, cebos de animales y hierbas al por mayor. El socio solicita el prestamo para invertir en la compra de estos productos naturales para la elaboracion de sus medicinas.
Previous Loan DetailsThis member belongs to the Community Bank “TAYTACHA SEÑOR DE CCOYLLORITY DE YUNGAQUI”. This bank belongs to the Yungaqui district, Anta province, and department of Cusco. This member is Mr. Rufino. He is 59 years old and married with 4 children, all of whom are independent. He sells natural… More from Rufino'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
- 8 months (Additional Information)
- Repayment Schedule
- Jan 16, 2012
- Jan 23, 2012
- Currency Exchange Loss:
- Aug 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.