Update on AnonymousThis member belongs to the communal bank Madres Trabajadores (Hardworking Mothers). He offers a taxi service, and he has his small car. He is the same member who works every day in the mornings and evenings. Sometimes, he goes out at night, but usually he works during the day.
This member has been doing his work for years; it goes well for him, thanks to the effort that he puts into his work every day. He is a very optimistic person, with many hopes to get ahead for his family.
He is requesting the loan to carry out the general maintenance of his car, such as changing the oil.
This member is satisfied with the awarded loan, and he is grateful to the Kiva lenders.
El socio solicito el préstamo para realizar el manteniendo general de su carro como cambio de aceite.
El socio está contento con el crédito otorgado y agradece a los inversionistas de kiva.
Previous Loan DetailsThe associate belongs to the "WORKING MOTHERS" communal bank. This bank is located in the district of Tica Tica, province of Cusco, department of Cusco. The associate is Señor Fredy. He is 24 years of age and lives in a shared home. The associate has one son, 3 years of age. He works as an... More from Anonymous'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