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Mauro Juvenal

Update on Mauro Juvenal

Our member is named Mauro, and he is a part of the community banking group “Tercer Milenio” in the province of Urubamba in Cusco, Perú. He was laid off as an educator, but he has continued to make a living in casual food sales in the small restaurant located in his home, in which he sells products like breakfasts, sandwiches, tortas (a traditional Mexican sandwich), etc. Mauro will invest his loan money in buying his groceries, like raw meats, coffee, torta breads, drinks, etc. which will allow him to produce and garnish his plates.

Mauro is thankful to Kiva for allowing him to help out his business and to continue maintaining his activities.
View original language description ↓
Nuestro socio es el señor Mauro, él pertenece al banco comunal “Tercer Milenio” de la Provincia de Urubamba del Cusco – Perú. Nuestro socio es cesante de educación, pero se sigue dedicando a la venta de comida rápida en su pequeño restaurante ubicado en su domicilio, en el cual vende productos como desayunos, sándwiches, tortas etc. El señor Mauro invertirá su préstamo para comprar insumos como carnes frías, café, tortas, bebidas, etc. que le permita producir y elaborar sus productos.
Mauro agradece a KIVA por permitirle ayudarlo con su actividad y mantenerlo siempre en actividad.

Previous Loan Details

Juvenal was born in the district of Urubamba, in the province of Urubamba, department of Cusco, and he currently lives in the same city where he was born. He is 75 years old, married, and has three children. Juvenal carries out his daily economic activities in the city of Urubamba. He was ... More from Mauro Juvenal'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
  • 114
    View loans »
    Peru Loans Fundraising
  • $55,266,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Mauro Juvenal to buy groceries like raw meats, coffee, torta breads, and drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Mauro Juvenal. It was first posted on Kiva on Nov, 2011. Learn More