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Update on Efrain

This communal bank member is Señor Efrain. He belongs to the communal bank "Ricchary Runa" in the city of Cusco, Peru. He continues with his livestock business, which he has had for a long time and with which he has been able to support his family and develop. That is why he will invest the loan he is applying for now to capitalize his business by buying cattle for later sale.

Efrain is very grateful to Kiva for allowing him to maintain and develop his business and for supporting him with the strengthening and economic growth of his family.

He appreciates the loan and promises to make his payments according to the schedule.
View original language description ↓

Nuestro socio es el señor Efrain, él pertenece al banco comunal “Ricchary Runa” de la ciudad del Cusco - Perú, nuestro socio sigue con su comercio de ganadería, trabajo que viene realizando hace mucho tiempo y con el cual pudo mantener a su familia y desarrollarse, por ello en esta oportunidad invertirá el préstamo solicitado para capitalizar su actividad y comprar ganado vacuno para su posterio venta.
Efrain está muy agradecido con KIVA por permitirle mantenerse y desarrollarse en su actividad y por apoyarlo con el fortalecimiento y crecimiento económico de 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

This communal bank is called “RICCHARY RUNA” and meets monthly in Huanchac district, Cusco province, Cusco department. Our featured member is Efrain, 32. He lives with his life partner and son. He is from Cusco and works selling cattle. He travels to Andean communities to acquire cattle of ... More from Efrain'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
  • 93
    View loans »
    Peru Loans Fundraising
  • $58,953,275
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Efrain to buy cattle.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 16, 2012
Jul 25, 2012
Currency Exchange Loss:
Dec 15, 2012