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Justo

Update on Justo

This member continues working in his business buying and selling grains such as wheat, broad beans and barley. He makes his sales in the different street markets in Cusco. He also has a car which he uses to provide a taxi service. Through these two small businesses, he provides for his children. The member's dream is to have business premises from which he can sell his grains. He would also like to improve his taxi business. He is requesting this loan to buy wheat, barley and broad beans.

The member is happy to be receiving the loan and pledges to make his repayments on time.
View original language description ↓
El socio se sigue dedicando al negocio de compra y venta de granos como trigo,habas y cebada,el socio vende en las diferentes ferias que existe en el Cusco,tambien tiene un carro que hace servicio de taxi,por medio de estos pequeños negocios el socio saca adelante a sus hijos,el sueño del socio es tener un local donde pueda vender los granos y tambien mejorar en su negocio de servicio de taxi.El socio solicita el credito para comprar trigo,cebadas y habas.

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

Previous Loan Details

Justo, 53, is a member of the “UNION, FUERZA Y AMISTAD” (Unity, Strength & Friendship) communal bank located in Cusco district which belongs to Cusco province, Cusco department. He has a spouse and two children. He alternates his daily chores with being a grains merchant. He buys and sells… More from Justo'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

  • $6,715
    Average annual income
  • 79
    View loans »
    Peru Loans Fundraising
  • $54,535,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Justo to buy wheat, barley and broad beans.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jun 22, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012