Update on JhonSr. Jhon is a member of the Communal Bank "Kukuli" which is located in the District, Province, and Department of Cusco.
He continues to work in his business of selling handicrafts. Jhon and his wife work together. His work schedule is from 9am to approximately 10pm. He sells his merchandise in the center of the city, which enables him to help his family move forward. Jhon is a cheerful and responsible person who has the drive to continue working. He is requesting a loan in order to buy merchandise, such as polo shirts and ponchos.
Jhon is grateful to everyone who helped him fulfill his dream in this manner and promises to complete his payments according to the established terms.
El socio es el Sr. Jhon;el socio continua trabajando en su negocio de venta de artesanía ,el trabaja conjuntamente con su esposa ,el socio trabaja desde las 9:00 am hasta las 10:00 p.m aproximadamente,el vende su mercaderia por el centro de la ciudad ,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 mercadería como polos y ponchos.
El socio agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.
Previous Loan DetailsJhon belongs to the communal bank "Kukuli," which is located in the Cusco district, which is part of the province and department of Cusco. He is 28 years old, lives with a partner, and has 2 children. He has a business selling handicrafts with his wife. They work in this business to provide ... More from Jhon'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 9, 2012
- May 28, 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.