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Abraham

Update on Abraham

Our member, Abraham, operates a food sales business. He and his wife also have a small "pension" [a kind of room rental business]. Abraham is applying for a loan that he will use to buy supples--cooking oil, rice, etc.--for his food sales business. He makes and sells different kinds of stews. The income from the business pays for his children's school fees and keeps him active.
View original language description ↓
El socio Abraham; continua con su negocio de comidas, el socio tambien tiene una pequeña pension familiar y el colabora a su esposa con la eatencion al publico en general, el socio desea poder invertir el prestamo en la compra de algunos viveres para el negocio el socio desea comprar arroz, aceite, entre otros productos para la elaboracion de los diferentes potajes y de este modo continuar apoyando en la educacion de sus hijos y tambien mantenerse activo. El socio requiere el prestamo para invertir en la compra de productos de primera necesidad como arroz, aceite, azucar, fideos entre otros.

Previous Loan Details

Abraham belongs to the “HUAYNA PICCHU” community bank. The bank is located in the district of Cusco, in the province and department of the same name. Abraham is 67 years old and is married with 6 children. He has a food business. He works together with his wife in this business. He owns his… More from Abraham'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
  • 35
    View loans »
    Peru Loans Fundraising
  • $54,501,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Abraham to stock his food sales business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Feb 28, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012
This photo was used before for a previous loan for Abraham. It was first posted on Kiva on Oct, 2010. Learn More