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Adrian

Update on Adrian

Adrian continues working in his variety store. He sells gifts and stuffed animals. He also still works selling hand made items such as hats, pants, and sweaters. He has been in this business for eight years. These businesses are how he moves his children forward. His dreams is to grow his handicraft and variety shop business. He is applying for the loan to buy gifts and stuffed animals, as well as handicrafts such as hats, blankets, and pants wholesale. He is happy for the loan and promised to make his payments.
View original language description ↓
El socio se sigue dedicando al negocio de bazar, el socio vende regalos y peluches, el socio también se sigue dedicando al negocio de venta de artesanía como sombreros, pantalones y mantas, el socio ya tiene 8 años en este negocio, por medio de estos negocios la socia saca adelante a sus hijos, el sueño de la socia es ampliar el negocio de venta de artesanía y venta de negocio de bazar. El socio solicita el crédito para comprar regalos y peluches y también para que compre artesanía como sombreros, mantas y pantalones al por mayor.

El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member belongs to the “TINKA” communal bank, located in the district, province and department of Cusco. This is Mr. Adrian. He is 58, married, and has three children. He alternates his daily activities with his variety store where he sells gifts and stuffed animals. He also sells handmade it... More from Adrian'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
  • 55
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Adrian to buy gifts and stuffed animals, as well as handicrafts like hats, blankets, and pants wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Adrian. It was first posted on Kiva on Dec, 2011. Learn More