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Update on Roberto

The member Roberto continues in the business of selling handicrafts.

The member is a hard-working man spending part of the day selling his usual scarves, hats, dolls, and crafts made from clay among other art merchandise.

In order to carry out his business the member needs to buy ashtrays, key chains, alpaca sweaters, wool, scarves, gloves and other handicrafts at wholesale prices. The member will invest in the purchase of handicrafts.
View original language description ↓

El socio Roberto; continua con el negocio de venta de artesanía, el socio es un hombre muy trabajador y viaja interdiario a vender en su stnd cahlinas, gorros, muñecos, artesania hecha en arcilla entre otras mercaderias de arte. el socio requiere implementar su negocio para ello comprara ceniceros, llaveros, chompas de alpaca, oveja, chalinas, guantes y otros productos artesanales al por mayor. El socio invertira en la compra de artesania.

Previous Loan Details

Roberto is a member of the "Caminemos Juntas" community bank which is located in Cusco district, in Cusco province and department. Roberto is 73 years old, married, and has eight children. He divides his time between his daily activities and his business selling handicrafts. Roberto has a ha... More from Roberto'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

  • $12,000
    Average annual income
  • 153
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Roberto to buy handicrafts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 20, 2012
Jan 29, 2012
Currency Exchange Loss:
Jun 15, 2012
This photo was used before for a previous loan for Roberto. It was first posted on Kiva on Jun, 2011. Learn More