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Anonymous

Update on Anonymous

The member continues with his grocery store selling basic staple items like rice, sugar and milk but he also works as a musician entertaining at events like weddings, birthdays and baptisms. He is able to support his family by means of these businesses. He’s asking for the loan to buy musical instruments like a guitar. He’s happy with the loan and commits to make his installment payments.
View original language description ↓
El socio se sigue dedicando al negocio de tienda de abarrotes,el vende productos de primera necesidad como aroz,azucar y leche y tambien el socio se dedica al negocio de musica,el socio anima eventos como matrimonios,cumpleaños y bautizos,el socio por medio de estos negocio saca adelante a su familia.El socio solicita el credito para comprar instrumentos musicales como una guitarra.

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

Previous Loan Details

This borrower is a member of the “YAHUAR MAQUI” Communal Bank. The bank is located in the district, province and department of Cusco. The borrower is 52 years old, he is married and has 3 children. He alternates his daily chores with two activities: he runs a general store and he is also the d... More from Anonymous'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
  • 120
    View loans »
    Peru Loans Fundraising
  • $56,100,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped this borrower to buy musical instruments like a guitar.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2012
Listed
Jun 22, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Anonymous. It was first posted on Kiva on Jun, 2011. Learn More