Update on Jose LuisJosé Luis belongs to the communal bank "Todos Unidos" of Asociación Arariwa in the city of Cusco.
José Luis is continuing with his auto parts and accessories sales business. He has had this business for years and it is going well thanks to the effort he puts into it each day. He regularly travels to the city of Lima to buy his merchandise to later resell to his customers. He is a responsible and hardworking person which is how he gets his family ahead.
He is asking for a loan to purchase spark plugs and tire for his business. José Luis appreciates the support he has been offered and he is committed to making his payments in a disciplined manner.
El socio José Luis continua con su negocio de venta de autopartes y accesorios para 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 viaja cada cierto tiempo a la ciudad de Lima para comprar su mercaderia para luego venderlo a sus clientes 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 la compra de bujias y llantas para su negocio.
El socio José Luis agradece el apoyo que se le otorgara y así mismo se compromete a cumplir de manera disciplinada con los pagos de las cuotas.
Previous Loan DetailsJosé Luis belongs to Asociación Arariwa’s “Todos Unidos” (Everyone Together) communal bank in the city of Cusco. José Luis is 38 years old, married and has two children. His main economic activity is selling auto spare parts and accessories like pistons, clutch covers, seals, sparkplugs,… More from Jose Luis's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Sep 18, 2012
- Oct 5, 2012
- Currency Exchange Loss:
- Feb 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.