Check out some available loans that are similar to this one!
Manuel Concepcion

Update on Manuel Concepcion

Manuel continues to work in his restaurant. He prepares breakfast, lunch, and dinner. Together with his wife, they move this business forward. Manuel works from 8 in the morning to 9 at night. This business is how he moves his children forward. His dream is to be able to expand his restaurant. He is asking for the loan to outfit his restaurant to buy chairs, tables, and kitchen utensils like pots, pans, and cups. He is happy for the loan and promises to make his payments on time.
View original language description ↓
El socio se sigue dedicando al negocio de restaurant,el socio prepara desayunos,almuerzos y cenas,el socio junto con su esposa sacan adelante este negocio,el socio trabaja desde las 8:00 a.m hasta las 9:00 p.m,por medio de este negocio el socio saca adelante a sus hijos,el sueño del socio es ampliar el negocio de restaurant.El socio solicita el credito para implementar su restaurant para comprar sillas,mesas y utensilios de cocina como ollas,sarten y tazas.

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. The bank is located in the district, province and department of Cusco. This is Mr. Manuel Concepcion. He is 82, married, and has three children. He alternates his daily activities with his restaurant business. He sells breakfast, lunch and dinner.... More from Manuel Concepcion'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
  • 105
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Manuel Concepcion to outfit his restaurant to buy chairs, tables, and kitchen utensils like pots, pans, and cups.
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 Manuel Concepcion. It was first posted on Kiva on Dec, 2011. Learn More