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Milton

Update on Milton

Milton belongs to the village bank "Cusco Sur" in the city of Cusco, Peru. He continues his business buying and selling computer supplies and accessories like ink, hardware and software. He will invest the requested loan in the purchase of merchandise so he can do his work.

Milton is very grateful to Kiva for letting him continue his work and support his family. He is thankful for the loan and promises to make his payments according to schedule.
View original language description ↓
Nuestro socio es el señor Milton, él pertenece al banco comunal “Cusco Sur” de la ciudad del Cusco - Perú, nuestro socio sigue dedicándose al negocio de compra y venta de accesorios y suministros de computo, como tintes, hardware y software, por ello invertirá el préstamo solicitado para comprar mercadería e implementar su actividad.
Milton 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

Milton is 32 years old and owns a shop where he sells and repairs computers. He has had this shop for about four years, and said that his background in computer science and systems engineering inspired him to start this business. He is requesting a loan to buy more merchandise, including comput... More from Milton'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
  • 99
    View loans »
    Peru Loans Fundraising
  • $56,733,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Milton to buy computing accessories and supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Jul 18, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Milton. It was first posted on Kiva on Mar, 2012. Learn More