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Update on Roberto

This member is still working at his business selling artisanal crafts. He sells sweaters, blankets and ceramics. He works from 8:00 a.m. until 7:00 p.m. With this business, he wants to get his children ahead. His dream is to expand and improve his business selling artisanal crafts. He is asking for the loan to buy artisanal crafts such as sweaters, blankets and ceramics wholesale.

He is happy with the loan and committed to making his payments on time.
View original language description ↓
El socio se sigue dedicando al negocio de venta de artesania,el socio vende chompas,mantas y ceramicas,el socio trabaja desde las 8:00 a.m hasta las 7:00 p.m,por medio de este negocio el socio quiere sacar adelante a sus hijos,el sueño del socio es ampliar y mejorar el negocio de venta de artesania.El socio solicita el credito para comprar artesanias como chompas,mantas y ceramicas al por mayor.

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

Previous Loan Details

Roberto is 75 years old and has 8 children. He lives in the city of Cusco, Peru. Roberto is an entrepreneur and worker that sells crafts. He has a stall in the crafts center in the city of Corao. Corao is located 30 minutes from Cusco. Roberto needs a loan to purchase more merchandise, suc... More from Roberto'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
  • 104
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Roberto to buy artisanal crafts such as sweaters, blankets and ceramics wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 22, 2012
May 31, 2012
Currency Exchange Loss:
Oct 15, 2012
This photo was used before for a previous loan for Roberto. It was first posted on Kiva on Feb, 2011. Learn More