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Marco Alexander

Update on Marco Alexander

Our member, Marco Alexander, and his wife operate a restaurant business. He used past loans to start the business and he wants to grow it now. He is applying for a loan that he will use to buy a stereo, tables and chairs for the business.
View original language description ↓
El socio Marco Alexander, aun continua con su pequeño cafetin, el junto a su esposa se han dedicado a la atencion de su cafetin y desea que siga prosperando el negocio, el socio requiere el prestamo para terminar de implementar el negocio el comprara un estereo y tambien algunas mesas y sillas.


Previous Loan Details

Marco Alexander was born in the city of Arequipa (Peru) and he is 37 years old. Currently Marco Alexander lives in the city of Cusco together with his five children. Marco Alexander is a musician by profession, specializing in percussion. He also has a small group band named "Son Bahia" and they ... More from Marco Alexander'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

  • $12,000
    Average annual income
  • 88
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Marco Alexander to buy a stereo, tables and chairs for his restaurant business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Marco Alexander. It was first posted on Kiva on Jul, 2011. Learn More