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Elias

Update on Elias

Elias continues with his auto repair shop He wants to invest in paint for autos, metal ladders, among others.
View original language description ↓
El socio Elias continua con su taller de mecánica el sociodesea invertir en la compra de pinturas para autos, escaleras de fierro entre otros.

Previous Loan Details

Elias was born in the city of Cusco (Perú) and is 25 years old. Currently, Elias lives in the same city where he was born. Elias has a small mechanic's workshop, but the building is rented. He has operated this business for half a year, and it is going very well for him thanks to the dedication h... More from Elias'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
  • 119
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Elias to buy paint for metal.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2012
Listed
Mar 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Elias. It was first posted on Kiva on Jul, 2011. Learn More