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Anonymous

Update on Anonymous

The lending club member works in transportation. He has a car that service as a taxi and as tourist transportation. He works from 7am until 6pm. Through his work, he takes care of his son. His dream is to improve his taxi service. He is asking for a loan to buy tires for his car.

He is happy about the loan and promises to make the payments.
View original language description ↓
El socio se sigue dedicando al negocio de transporte,el tiene un carro que hace servicio de taxi y servicio de turismo,el socio trabaja desde las 7:00 a.m hasta las 6:00 p.m,por medio de este trabajo el socio saca adelante a sus hijo,el sueño del socio es mejorar el servicio de taxi.El socio solicita el credito para comprar llantas para su carro.

El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member belongs to the "Madres Trabajadoras" ("working mothers") community bank. The bank is located in the district of Cusco, belonging to the province and department of Cusco. The member is 35 years old and is married and has one child. The member alternates his daily activities with the ... More from Anonymous'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

  • $6,715
    Average annual income
  • 84
    View loans »
    Peru Loans Fundraising
  • $55,985,050
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped this borrower to buy tires for his car.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Anonymous. It was first posted on Kiva on May, 2011. Learn More