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Rosalio

Update on Rosalio

Rosalio continues to operate his taxi service and continues to drive his own vehicle. He is an independent taxi driver, and every four months he has his vehicle serviced. He requests a loan at this time to cover the costs of inspecting and servicing his vehicle.
View original language description ↓


El socio Rosalio, continua brindando el servioc de taxi y el sigue a cargo de sus unidad como chofer; el socio es taxista independientey el socio cada 4 meses le hace el mantenimiento respectivo a sus unidad vehicular, el socio requiere el prestamo en esta ocasión pra cubrir los gastos de la revision y mantenimiento de us unidad vehicular.

Previous Loan Details

Rosalio belongs to the community bank 'Caminemos juntas' (Let's walk together). He lives in the district of Huanchac in the Cusco province, located in the department of Cusco. Rosalio is 43 years old and lives with his partner and two children who are 18 and 11 years of age. Rosalio operates a... More from Rosalio'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
  • 128
    View loans »
    Peru Loans Fundraising
  • $56,166,275
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rosalio to cover the costs of inspecting and servicing his vehicle.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Rosalio. It was first posted on Kiva on Jun, 2011. Learn More