Update on Juan RaulJuan Raúl continues with his economic activity selling crafts like alpaca wool clothes and ceramic decorations. Juan Raúl is asking for a loan to buy merchandise like textiles, silver jewelry and ceramic decorations for his crafts business.
Juan Raúl is very grateful to Kiva for helping him with his economic activity and commits to make his installment payments punctually. He belongs to the “Kukuli” communal bank in the city of Cusco, Peru.
Juan Raul está muy agradecido con KIVA por ayudarlo en su actividad económica, y se compromete a cumplir con el pago de sus cuotas puntualmente. El pertenece al banco comunal “KUKULI” de la ciudad del Cusco – Perú.
Previous Loan DetailsJuan Raul belongs to the “Kukuli” Communal Bank of the UMF Arariwa Association. The Communal Bank has received 13 loans (each cycle is 4 months) and the Communal Bank is well managed by its governing board.
Juan Raul is 39 years old and is separated, he was born in the department of Cusco,… More from Juan Raul'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