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Alberto

Update on Alberto

Alberto continues working with his small, rented carpentry shop. He does not have a house or own land so he continues to rent the space, which is a type of garage customized to put in his machinery and had some other work done. Alberto is a very hard worker and he wants the loan to invest in the purchase of wood and enamel.
View original language description ↓
El socio Alberto continua con su pequeño taller de carpintería de forma alquilada, el no tiene una casa ni terreno propio asi que sigue alquilando el espacio que es una especie de cochera acomodada para poner sus maquinas y algunos trabajos realizados, el socio es una persona muy trabajadora y desea el prestamo para invertir en la compra de madera, esmalte.

Previous Loan Details

Alberto was born in the province of Convención, Perú and he is 31 years old. Currently, Alberto lives in the city of Cusco. He runs a small carpentry workshop that is in a rented space. He has steady customers and manufactures his products upon order by his customers. He has been running his busi... More from Alberto'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
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,342,125
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Alberto to invest in the purchase of wood and enamel.
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 Alberto. It was first posted on Kiva on Jul, 2011. Learn More