Update on BasilioThis member was born in the Chumbivilcas province, within the Cusco department, but he currently lives in the Huchuy Qosqo community of the Calca province.
Basilio still farms, raises livestock, and does construction labor. He has been doing this for several years and things are going very well for him, thanks to the effort he puts into his work. On this occasion Basilio needs a loan to buy livestock. He continues to belong to the “Huchuy Qosqo” communal bank of the Arariwa Association of the city of Cusco.
El socio Basilio se sigue dedicando a la agricultura, ganadería y a la construcción de obras. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. El socio Basilio en esta oportunidad requiere el préstamo para comprar un ganado. El socio Basilio sigue perteneciendo al banco comunal “Huchuy Qosqo” de la Asociación Arariwa de la ciudad del Cusco.
Previous Loan DetailsThis member belongs to the ”HUCHUY QOSQO” communal bank. The communal bank is located in the Lamay district in the province of Calca and department of Cusco. The member is Señor Basilio; he is 56 years old and married. He has four children, aged 20, 17, 11 and 5 months. The member works for... More from Basilio'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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