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Update on Ruben

Ruben belongs to the Mujeres Emprendedoras communal bank in the city of Cusco, Perú. He continues working as a tourist agent and selling tour packages. This activity allows him to get his family ahead.

Therefore, he will use the requested loan to upgrade his agency. He bought furnishings like office equipment. Ruben is very grateful to Kiva for allowing him to maintain his business activity and support his family.

He is grateful for the loan, and he pledges to make his payments punctually.
View original language description ↓
Nuestro socio es el señor Ruben, él pertenece al banco comunal “Mujeres Emprendedoras” de la ciudad del Cusco - Perú, nuestro socio sigue dedicándose a la actividad turística trabajando como agente de viajes y vendiendo paquetes turísticos, y es esta actividad la que le permite sacar adelante a su familia, por ello invertirá el préstamo solicitado para implementar su agencia y compró mobiliario como implementos de oficina.
Ruben está muy agradecido con KIVA por permitirle mantenerse en su actividad y apoyando a su familia.
El socio agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

Previous Loan Details

Ruben is a member of the “Mujeres Emprendedoras” (Resourceful Women), a Communal Bank whose members meet every thirty days in the town of Cusco. Ruben is a resourceful and hardworking father who runs a travel agency where he sells package holidays to the Incan sacred valley, to the Cusco south... More from Ruben'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
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Ruben to buy office supplies like stationery and desk supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 6, 2012
Jul 23, 2012
Currency Exchange Loss:
Dec 15, 2012