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Juan Raul

Update on Juan Raul

Juan 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.
View original language description ↓
El socio es el señor Juan Raul, el socio continúa con su actividad económica que es la comercialización de elementos de artesanía como ropa tejida en fibra de alpaca, joyería y también adornos en cerámica. Juan Raul está solicitando el préstamo para comprar mercadería como tejidos, joyas en plata y adornos en cerámica para su actividad comercial artesanal.
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 Details

Juan 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, prov... More from Juan Raul'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

  • $12,000
    Average annual income
  • 123
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Juan Raul to buy textiles, silver jewelry and ceramic decorations.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013