Update on RosalioRosalio belongs to the CAMINEMOS JUNTAS [Let's Walk Together] communal bank. He continues to offer his taxi service. He works every day from 6:00 a.m. until approximately 10:00 p.m. He works in the center of town and is a cheerful and responsible person who really wants to get his family ahead.
Rosalio is asking for the loan so that his car can pass a mechanical check.
He is grateful for the loan he has been given and committed to making his payments on time.
El socio solicita el prestamo para que pase revision tecnica su carro.
El socio se siente agradecido por el credito otorgado y se compromete a cumplir con sus cuotas en el plazo establecido.
Previous Loan DetailsRosalio belongs to the community bank 'Caminemos juntas' (Let's walk together). He lives in the district of Huanchac in the Cusco province, located in the department of Cusco. Rosalio is 43 years old and lives with his partner and two children who are 18 and 11 years of age. Rosalio operates a... More from Rosalio'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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