Update on Juan ManuelA member of the “Amauta” communal bank, he’s a tourism guide by profession. He’s been working for a state firm for the last few months. For the moment, he’s left guiding aside but does not discard the possibility of restarting his vocation in the future. He works Monday through Friday during the day. He’s a responsible person who very much wants to continue working for his family. He wants to continue working in order to support his family economically.
He’s requesting the loan to buy basic staple items like rice, sugar and some personal use items. He is grateful for the opportunity provided through this means and commits to make his payments as scheduled.
El socio solicita el credito para la compra de productos de primera necesidad como arroz,azucar y algunos productos para su uso personal.
El socio se encuentra agradecido por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.
Previous Loan DetailsJuan is a native of the city of Cusco and a member of the Amauta Communal Bank. He is 42 years old, in a common law marriage, and has two children (a boy and a girl). He works freelance in the tourism industry by providing walking tours of the “Valle de Lares” in the city of Cusco.
He div... More from Juan Manuel'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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