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Juan

Update on Juan

He’s a member of the “Comuzone I” communal bank and continues employed by a public institution; he’s been working there for several years now and he does well at work thanks to the effort he puts into it every day. He’s a responsible, dedicated person who supports his family this way. He’s requesting a loan to make a house payment. He’s grateful for the granted loan and commits to make his payments as scheduled.
View original language description ↓
El socio pertenece al banco comunal COMUZONE I ,el socio continua trabajando en una institucion publica ya son varios años que trabaja en esta institucion el cual le va bien gracias al empeño que le pone cada dia a su trabajo,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 pagar una de sus cuotas que adquiero al comprar su casa.
El socio se siente agradecido por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Juan is 40 years old and has served as a police officer for about 20 years. He has one child who is currently in high school. He says that he decided to join the police force because he likes the work and thinks it is important to comply with the law. Recently Juan purchased a house, and a loan w... More from Juan'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $6,715
    Average annual income
  • 128
    View loans »
    Peru Loans Fundraising
  • $56,843,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Juan to make a house payment.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Oct 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Juan. It was first posted on Kiva on Apr, 2012. Learn More