Update on BelisarioThe member continues to make a living in transportation. He has a taxi that he travels through the main streets of Cusco. He works from 5:00am until 10:00pm and through this business he helps his children get ahead. He is requesting the loan to make maintenance on his car by buying tires.
The member is very satisfied and thankful for the support provided through these means and is committed to fulfilling the payment of his loan according to the established schedule.
El socio se muestra muy satisfecho y agradecido por el apoyo que se le brindara mediante este medio y se compromete a cumplir con el pago de sus deudas en el plazo establecido.
Previous Loan DetailsThis member belongs to the “MADRES TRABAJADORAS” Communal Bank ("The Hard-Working Mothers"). This bank is located in the district of Tica Tica, in Cusco Province, in Cusco Department. This member, Señor Belisario, was invited into the group. He has been in this bank for more than three lending… More from Belisario'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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