Update on AnonymousThe member is a part of the community banking group “INTI QUILLA.” The bank is located in the district of Cusco, and part of the province of Cusco and the department of Cusco.
The member continues to run his business in the sales of silver goods, like necklaces, bracelets, rings, and others. He works on foot, showing his goods to his customers who want it the most, like the tourist sector. The member has spent a lot of time in this business, which is going well thank to the effort he puts into it every day, this being the way that he supports his family in getting ahead.
The member is asking for a loan to buy materials like silver.
He is happy about the loan and promises to complete his loan payments on time.
El socio continua con su negocio de venta de plateria como collares,pulseras,anillos entre otros,el socio trabaja de forma ambulatoria repartiendo su mercaderia a sus clientes que mas le solicitan como el sector turismo,el socio lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone a su negocio cada dia , siendo de esta manera que el socio saca adelante a su familia.
El socio solicita el credito para la compra de materiales como plata.
El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThis person is a member of the “INTIQUILLA” Community Bank. This bank is located in the Cusco District, which is in the Cusco Province in the Cusco Department. This member is 40 years old, single and has one child. This member varies his daily activities between selling silver to different stores... More from Anonymous's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jun 26, 2012
- Jul 27, 2012
- Currency Exchange Loss:
- Jan 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.