Update on Wilbert IsaiasThis member is still working in school transportation. He has a van he uses for transportation. He works from 8:00 a.m. until 1:00 p.m.and has been doing this job for 6 years. With this job, he wants to get his children ahead. His dream is to buy a new car. He has asked for the loan to buy tires for his car.
He is happy with the loan he has been given and grateful to the Kiva investors.
El socio está contento con el crédito otorgado y agradece a los inversionistas de kiva.
Previous Loan DetailsWilbert is a member of the "LAS LEONAS DE SAN JERONIMO” communal bank, located in the San Jeronimo district within the Cusco province and department. He is 60 years old, is married, and has five adult children on their own. He was providing school bus services with his van, but now he would… More from Wilbert Isaias'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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