Update on JulioThe member is Julio, he continues on with his economic business, being the chef in his own restaurant. He works very hard to succeed continue growing.
Julio is asking for this loan so that he can buy furniture like tables, chairs and kitchen utensils to make improvements to his store.
Julio is very grateful to KIVA for helping him with his business and educating his children to provide them with a better future.
Julio has a dream for the future, which is to have another restaurant and start a chain of international and local cuisine.
Julio belongs to the communal bank "KUKULI" in the city of Cusco, Peru.
Julio está muy agradecido con KIVA por ayudarlo en su actividad económica y en la educación de sus hijos para procurarse un mejor futuro. Julio tiene un sueño a futuro, y es la de poner otro restaurante y comenzar con una cadena de comida típica e internacional. Julio pertenece al banco comunal “KUKULI” de la ciudad del Cusco – Perú.
Previous Loan DetailsJulio was born in the district of Santiago in the city of Cusco. He is 32 years old, married and has a son. Julio lives with his family in his own house which has all the basic utilities (running water, electricity and a sewage system) and is located in the department of Cusco. This area is ch... More from Julio'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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Success!! The loan was 100% repaid