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Froilan

Update on Froilan

This member continues working in his business buying and selling blankets. He continues traveling and selling his merchandise. He also sells sheets. Now that it is raining, he would like to invest in buying terry towelling and fleece sheets. He will also gradually acquire blankets to sell and distribute in different markets.

On this occasion, the member is requesting a loan to invest in buying sheets and blankets to sell.
View original language description ↓
El socio continua con su negocio de compra y venta de frazadas, motivo por el cual tambien continua viajando y llevando su mercaderia, el socio tambien vende sabanas y ahora que esta lloviendo el socio desea invertir een la compra de sabanas de felpa y de polar; el socio poco a poco tambien traera frazadas para la venta y distribucion en los diferentes mercadillos. El socio solicita en esta ocasion el prestamo para invertir en la compra de sabanas y de frazadas para la venta.


Previous Loan Details

Froilan is 40 years old and he and his partner have two children. He was born in the city of Cusco and lives there as well. Froilan is a father, a hard worker, and an entrepreneur who provides for his family. He sells blankets and distributes to vendors in the cities of Sicuani and Calca. He has… More from Froilan'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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,963,825
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Froilan to invest in buying sheets and blankets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Feb 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012