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Antonio

Update on Antonio

The member belongs to the community bank “Todos Unidos” (everyone united), he continues with his business of auto repair parts sales, he has been in this business for years and does well thanks to the effort he puts in each day to his business, he has a store where he sells merchandise to his clients, he is responsible and hardworking and this activity helps him get his family ahead. The member requests a loan to buy tires for his business.
View original language description ↓
EL socio pertenece al banco comunal TODOS UNIDOS,el socio continua con su negocio de venta de repuestos de automoviles,el socio lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,el socio cuenta con un local donde vende su mercaderia a sus clientes que mas le solicitan,el socio es una persona responsable y empeñoso siendo de esta forma que el socio saca adelante a su familia.
El socio solicita el credito para la compra de llantas para su negocio.

Previous Loan Details

Every thirty days, the members of the "Todos Unidos" (Everyone United) community bank meet in Asociación Arariwa's central office, in Cusco, Peru. This city has been known for many years as the "Archaeological Capital of America". Here we meet Antonio, a member of the bank, who tells us that ... More from Antonio'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
  • 129
    View loans »
    Peru Loans Fundraising
  • $57,372,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Antonio to buy tires for his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Antonio. It was first posted on Kiva on May, 2011. Learn More