Update on AnonymousThe member belongs to the "MADRES TRABAJADORAS" ("Working Mothers") communal bank. The bank is located in the district of Cusco, province of Cusco, department of Cusco.
The member continues with his metalwork business. He makes things like windows and doors, among others. He works independently. He is also a master builder working on different jobs that are requested of him. This is the way that the member gets his family ahead.
The member is a happy and responsible person with a great desire to continue working. He is requesting the loan to buy tools for his work. He will buy tools like hammers and a chainsaw.
The member is grateful for the loan and committed to repaying it as agreed.
El socio continua con su negocio de carpintería metalica como la elaboracion de ventanas,puertas entre otros,el trabaja de forma independiente , a la vez el socio es maestro construccor trabajando en las distintas obras que lo solicitan siendo de esta manera que el socio saca adelante a su familia,el socio es una persona alegre y responsable con muchas ganas de continuar trabajando.
El socio solicita el préstamo para comprar herramientas para su trabajo como martillos y motosierra.
El socio está agradecido por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsAgustin is a member of the "MADRES TRABAJADORAS" ("Working Mothers") communal bank. The bank is Located in the district of Cusco, province of Cusco, department of Cusco. He is 55 years old, married with 6 children. Alongside his daily activities he runs a metalwork business and he also works as… More from Anonymous'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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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- May 11, 2012
- Jun 7, 2012
- Currency Exchange Loss:
- Oct 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.