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Arthur

Update on Arthur

This member works as a high school teacher. He also has an academy for preparing students for university. He works from 8.00am to 7.00pm and, through this work, he provides for his children. This member's dream is to expand and improve his academy business. He is requesting this loan to equip his academy with desks and chalkboards.

The member is happy to be receiving his loan and pledges to make his repayments on time.
View original language description ↓
El socio se sigue dedicando al trabajo como docente del nivel secundario y tambien tiene un academia de preparacion para la universidad,el socio trabaja desde las 8:00 a.m hasta las 7:00 p.m,por medio de este trabajo el socio saca adelante a sus hijos,el sueño del socio es ampliar y mejorar el negocio de academia. El socio solicita el préstamo para implementar su academia como escritorios y pizarras.

El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Arthur belongs to the Hatun Rumiyoc Communal Bank. This bank is located in the Cusco district, Cusco province, Cusco department. Arthur is 26 years old and single. He alternates his daily activities with his work as a high school teacher. He is also writing a book about mathematics for the ... More from Arthur'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
  • 111
    View loans »
    Peru Loans Fundraising
  • $54,998,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Arthur to equip his academy with desks and chalkboards.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Feb 21, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012