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Javier

Update on Javier

Javier belongs to the communal bank “Los Hijos de Qolquewasi” (Sons of Qolquewasi) in the city of Cusco, Perú. He continues dedicating himself to running his restaurant with the help of his daughter. With this opportunity, Javier will use his loan to buy supplies such as rice, potatoes, noodles, vegetables, soft drinks, and beer to serve in his restaurant.

Javier’s greatest dream is to be able to expand and improve his restaurant so that someday, he can leave the job to his daughter, who supports him in everything. Javier is grateful to Kiva for allowing him to develop in his work and continue to grow more each time.
View original language description ↓
Nuestro socio es el señor Javier, él pertenece al banco comunal “Los Hijos de Qolquewasi” de la ciudad del Cusco – Perú. Nuestro socio sigue dedicándose a la atención de su restaurante juntamente con la ayuda de su hija, Javier en esta oportunidad invertirá su préstamo para comprar insumos como arroz, papas, fideos, verduras, bebidas gaseosas y cerveza para la producción de su restaurante.
El gran sueño de Javier es poder ampliar y mejorar su restaurante para algún dia dejar la posta a su hija quien lo apoya en todo. Javier agradece a KIVA por permitirle desarrollarse con su actividad y seguir creciendo cada vez mas.

Previous Loan Details

Javier is a member of the “Los Hijos de Qolquewasi” community bank which is located in Huanchac district, in Cusco province, in the department of Cusco. Javier is 56 years old. He is divorced and has 1 child. He has a small restaurant. He works with his daughter and together they make progr... More from Javier'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
  • 87
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Javier to purchase rice, potatoes, noodles, vegetables, soft drinks, and beer.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Javier. It was first posted on Kiva on Nov, 2010. Learn More