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Update on Julio

This member belongs to the Comuzonei Communal Bank. He continues with his business selling handicrafts. He sells necklaces, bracelets and earrings made of silver.

The member travels ever so often to the city of Juliaca and to the country of Bolivia to purchase his merchandise so that he can distribute it to customers who request it, such as stores that cater to tourists.

The member is a responsible and hardworking person since this is the way that he helps his family get ahead.

The member is requesting the loan to purchase silver necklaces to fill an order that one of his clients placed with him.

The member is grateful for the loan and is committed to making his payments within the established time table.
View original language description ↓
El socio pertenece al banco comunal COMUZONEI ,el socio continua con su negocio de venta de artesania,el socio vende lo que son collares,pulseras,aretes hechos en plata,el socio viaja cada cierto tiempo a la ciudad de Juliaca y al Pais de Bolivia para comprar su mercaderia para de esta forma el socio pueda distribuir su mercaderia a sus clientes que le solicitan como tienda de turismo,el socio es una persona responsable y empeñosa siendo de esta forma que el socio saca adelante a su familia.
EL socio solicita el credito para comprar collares de plata para un pedido que le hicieron uno de sus clientes.
El socio se siente agradecido por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Julio was born in Cusco Province. He is 60 years old, married, and has two children who live independently. Julio currently lives in the same province where he was born. This is also where he conducts his business activities. Julio sells handicrafts. He travels to the city of Juliaca an... More from Julio'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
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Julio to purchase silver necklaces to fill an order placed with him by one of his customers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Oct 1, 2012
Currency Exchange Loss:
Jan 15, 2013