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Jhon

Update on Jhon

Jhon used to sell handicrafts, but it did not go very well for him. He now provides a taxi service. He has a car and offers transportation throughout Cusco. He works from 7:00 am to 9:00 pm, and through this business he is able to get his children ahead. His dream is to improve his taxi business. He is requesting this loan for car maintenance and to buy spare parts.
He is happy to have this loan and promises to repay his quotas.
View original language description ↓
El socio anteriormente se dedicaba al negocio de venta de artesania,pero no le fue muy bien en este negocio,ahora el socio se esta dedicando al negocio de transporte,el tiene un carro que hace servicio de taxi en las diferentes calles de la ciudad de Cusco,el socio trabaja desde las 7:00 a.m hasta las 9:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,el sueño del socio es mejorar el negocio de servicio de taxi.La socia solicita el préstamo para mantenimiento de su carro para comprar repuestos para su carro.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Jhon belongs to the “Kukuli” Communal Bank of the UMF Arariwa Association. The Communal Bank has received 13 loans (each cycle is 4 months) and the Communal Bank is well managed by its governing board.

Jhon is 30 years old and has two children he was born in the department of Cusco, province ... More from Jhon'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
  • 109
    View loans »
    Peru Loans Fundraising
  • $56,797,825
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Jhon to maintain his car and buy spare parts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2012
Listed
Jan 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Jhon. It was first posted on Kiva on Feb, 2011. Learn More