Update on AnonymousThis is one of the members of Hatunchaskas, a Communal Bank located in the Cusco district, province and department.
He keeps on working as a carpenter. He has been engaged in his activity for a few years and things are going well thanks to the dedication he daily works with. He creates different articles such as beds, wardrobes and bookcases among others. He is a responsible and persevering person, as through this activity he provides for his family. He works by order according to what his customers request.
He is requesting a loan to buy wood for his activity.
He commits to complying with the repayments of his dues.
El socio continua con su negocio de carpintería 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 elabora diversos trabajos como camas, armarios, estantes entre otros, el socio es una persona resposanble y empeñosa siendo de esta forma que el socio saca adelante a su familia,el socio trabaja a pedido dependiendo lo que le soliciten sus clientes.
El socio solicita el préstamo para la compra de madera para su negocio.
El socio se compromete a cumplir con los pagos.
Previous Loan DetailsThe member belongs to the communal bank "HATUNCHASKAS", which is located in the district, province and department of Cusco. He is 48, has a common-law wife and two children. He alternates his daily activities with his carpentry business where he makes beds, armoirs, and shelving, among other ... 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Sep 19, 2012
- Oct 18, 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.