Update on RosalioRoselio is a member of the Caminemos Juntas (Let’s Walk Together) Communal Bank. He keeps on working as a taxi driver. He has been engaged in this activity for many years, and things are going well thanks to the daily dedication he works with. Roselio is a responsible and persevering person, as through this activity he provides for his family.
The loan he is requesting will be used to pay for the maintenance works on his car such as changing oil.
He is grateful for the loan he has received and he commits to complying with the repayments of his dues according to schedule.
EL socio solicita el crédito para realizar el mantenimiento de su carro como en el cambio de aceite.
El socio se siente agradecido por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsRosalio belongs to the community bank 'Caminemos juntas' (Let's walk together). He lives in the district of Huanchac in the Cusco province, located in the department of Cusco. Rosalio is 43 years old and lives with his partner and two children who are 18 and 11 years of age. Rosalio operates a… More from Rosalio'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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