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Update on Arthur

This is a member of the “Hatun Rumiyoc” Communal Bank, located in the district of Wanchaq, in the province and department of Cusco.

The member is Arthur who is continuing his business, a pre-university academy. At the same time, he is a teacher at the secondary school level in one of the 'colegios' (private schools) in Cusco. Arthur is a very diligent and responsible person. He has spent years working with his academy and it is doing well, thanks to the effort he puts into the business. As a result, Arthur is forging ahead.

Arthur is requesting a loan to buy paper products for his academy. He is grateful for the loan and promises to comply with his payment schedule.
View original language description ↓
El socio pertenece al banco comunal “HATUN RUMIYOC”; El banco está ubicado en el distrito de Wanchaq, perteneciente a la provincia de Cusco y departamento de Cusco.

El socio es el Sr.Arthur; el socio continua con su negocio de academia pre universitaria, a la vez el socio es profesor del nivel secundario en uno de los colegios del Cusco, el socio es una persona bien empeñosa y responsable, el lleva ya años con su negocio el cual le va bien gracias al empeño que le pone a su negocio, siendo de esta manera que el socio sale adelante.

El socio solicita el préstamo para la compra de papelería para su academia.

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

Previous Loan Details

Arthur belongs to the Hatun Rumiyoc Communal Bank. This bank is located in the Cusco district, Cusco province, Cusco department. Arthur is 26 years old and single. He alternates his daily activities with his work as a high school teacher. He is also writing a book about mathematics for the ... More from Arthur'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
  • 115
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Arthur to buy paper products for his academy.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 11, 2012
Jun 18, 2012
Currency Exchange Loss:
Nov 15, 2012