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Anonymous

Update on Anonymous

The member continues working in the transportation business. He has a taxi service on the various streets of the city of Cusco. He works from 7:00AM until 6:00PM. He also continues his tourist business in places such as Ollantaytambo, Chinchero, and Machu Picchu. He has been in the business for five years. His dream is to have a new car. He is asking for a loan to buy spare car parts and tires.

He is happy for the loan and promises to complete his payments as scheduled.
View original language description ↓
El socio se sigue dedicando al negocio de transporte,el socio hace servicio de taxi en las diferentes calles de la ciudad de Cusco,el socio trabaja desde las 7:00 a.m hasta las 6:00 p.m,el socio tambien sigue haciendo servicio a turistas a lugares como Ollantaytambo,chinchero y machupicchu,el socio ya tiene 5 años en este negocio,el sueño del socio es tener un carro nuevo.El socio solicita el credito para comprar repuestos de carro como llantas.

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 "Madres Trabajadoras" ("working mothers") community bank. The bank is located in the district of Cusco, belonging to the province and department of Cusco. The member is 35 years old and is married and has one child. The member alternates his daily activities with the ... More from Anonymous'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

  • $6,715
    Average annual income
  • 105
    View loans »
    Peru Loans Fundraising
  • $56,735,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped this borrower to buy spare car parts and tires for use in his taxi and tourist business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013