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Julio

Update on Julio

The member continues working in the chef business. He works from 8:00 a.m. until 6:00 p.m. in a restaurant making traditional dishes. He also works in the arts and crafts business. He gets his son ahead with this business. His dream is to expand his arts and crafts business and improve in his work as a chef.

He is happy about the loan and promises to make his payments on time.
View original language description ↓
El socio se sigue dedicando al negocio de cheff,el trabaja en un restaurant donde realiza platos tipicos,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,tambien el socio se dedica al negocio de artesania,por medio de este negocio el socio saca adelante a su hijo,el sueño del socio es ampliar el negocio de artesania y mejorar en su trabajo como cheff.El socio solicita el credito para comprar artesania como polos y chompas.

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

Previous Loan Details

Julio belongs to the “Kukuli” Communal Bank of the UMF Arariwa Association of the city of Cusco, Perú. The Communal Bank has been in operation for four years and is well managed by its governing board. Julio is 34 years old and has a son, he lives with his partner in the city of Cusco. Julio work... More from Julio'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
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Julio to buy more merchandise like ceramics, sweaters, blankets, shirts, and many other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Julio. It was first posted on Kiva on Feb, 2011. Learn More