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Victor

Update on Victor

Victor belongs to Asociación Arariwa’s “Ricchariy Puririsun” communal bank. He lives in the city of Oropesa in Cusco Province. He’s 47-years-old and has a son.

He continues selling “Chutas” [traditional large bread rolls typical of Oropesa] in the city of Juliaca, Puno Department. Victor has been working in the bakery for 15 years. On this occasion, he needs the loan to buy materials and supplies like sacks of flour and yeast, for example, to make more bread.
View original language description ↓
Victor pertenece al banco comunal “RICCHARIY PURIRISUN” de la Asociación Arariwa, él vive en la ciudad de Oropesa provincia del Cusc, él tiene 47 años de edad y tiene un hijo.

Victor sigue dedicándose a la venta de panes “Chutas” en la ciudad de Juliaca del departamento del Puno. Victor desde 15 años que sigue dedicándose a la panadería y a la panadería. En esta oportunidad Victor requiere el préstamo para comprar materiales o insumos como por ejemplo sacos de harina y levadura para preparar más panes.

Previous Loan Details

Victor lives in the city of Oropesa, province of Cusco, Peru. He is 47 years old and has a son. Victor sells bread in the city of Juliaca, department of Puno. He tells us that his sister Marcelina is who is in charge of making the bread and he is in charge of distribution. Victor and Marcelina have… More from Victor'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
  • 54
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Victor to buy sacks of flour and yeast.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Victor. It was first posted on Kiva on Feb, 2011. Learn More