Update on Mario JesusMario Jesus belongs to the 'Hacia el Triunfo' community bank which is located in Huanchac district, in Cusco province and department.
Mario Jesus is a musician by profession. He has a band called Aroma and he and his group liven up all kinds of events such as weddings, baptisms, birthday parties, etc. They play all kinds of music such as salsa, huaynos, Creole music, boleros, waltzes, tangos, ballads, pop and rock. He is a very responsible person who has a great desire to make progress for his family's sake. This is how he provides for his family.
Mario Jesus is requesting this loan to replace a piece of musical equipment and some speakers. He is happy to be receiving his loan and pledges to make his repayments on time.
El socio es el Sr: Mario Jesus, el socio es músico de profesión, el socio tiene una agrupación musical llamada Aroma, él y su grupo se presentan para amenizar todo tipo de compromisos como matrimonios,bautizos,fiestas de cumpleaños entre otros y tocan todo tipo de canciones como salsa, huaynos, criollas, boleros, vals, tangos, baladas, pop, rock; el socio es una persona bien responsable con muchas ganas de salir adelante por su familia siendo de esta manersa que el socio saca adelante a su familia.
El socio solicita el préstamo para renovar un equipo de musica y parlantes.
El socio está feliz con el préstamo que le otorgaran y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsThis member belongs to the communal bank named "Until the Triumph"; this bank is located in the district of Huanchac, Province of Cusco, Department of Cusco. The member is Sr. Mario Jesus. He is 57 years old, married, and has two children. He is a musician by profession and has a band called… More from Mario Jesus's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Feb 27, 2012
- Mar 7, 2012
- Currency Exchange Loss:
- Sep 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.