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Washington

Update on Washington

This member's name is Washington and he belongs to the communal bank "Los Lideres" in the city of Cusco - Perú. He works in urban public transportation and plans to use the loan to buy tires for his vehicle, for maintenance purposes and to offer better customer service.

Washington is very grateful to KIVA for allowing him to keep his business running and supporting his family. He is grateful for the loan and committed to paying it back on time.
View original language description ↓
Nuestro socio es el señor Washington, él pertenece al banco comunal “Los Lideres” de la ciudad del Cusco - Perú, nuestro socio sigue dedicándose al transporte público urbano, por ello invertirá el préstamo solicitado para comprar llantas para su unidad vehicular y darle mantenimiento para dar un mejor servicio a sus pasajeros.
Washington está muy agradecido con KIVA por permitirle mantenerse en su actividad y por apoyarlo con 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

Washington, 53, is a member of the "LOS LIDERES" (The Leaders) communal bank located in Cusco district, Cusco province, Cusco department. He has a life partner and three children. He works in public transportation driving a minivan. He wants to improve the vehicle and is asking for funds to… More from Washington'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
  • 67
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Washington to buy tires for his vehicle.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Washington. It was first posted on Kiva on Nov, 2010. Learn More