Update on JulioJulio, like many Peruvians, has worked in many trades such as tourism and handicraft sales. Now he has a business buying and selling fish. He purchases the fish from Lima and then sells them in Cusco.
A loan will help Julio purchase a refrigerated car to transport the fish. He says that the car is very expensive and he has been looking for funds from a number of sources to accumulate enough capital. Julio, age 60, has two children who now live and work independently.
Julio is receiving an individual loan as a member of the village bank "Comuzone I" in Cusco, which is located in the Andean mountains at 3,400 meters above sea level. The bank is in its 17th cycle with Asociación Arariwa.
Previous Loan DetailsJulio was born in Cusco Province. He is 60 years old, married, and has two children who live independently. Julio currently lives in the same province where he was born. This is also where he conducts his business activities. Julio sells handicrafts. He travels to the city of Juliaca an... More from Julio'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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