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Henrry

Update on Henrry

Henrry is still working in a gold mine, and also continues his work helping his mother with her small business selling artisan and craft products, such as woven hats and sweaters. Henrry has eight years of experience in the business, and his dream is to eventually open his own store where he can sell crafts and handiwork products.

Henrry is requesting this loan in order to purchase hats and sweaters for resale at the craft business. He is grateful for his previous loan, and promises to continue his good track record of prompt loan repayments.
View original language description ↓
El socio sigue trabajando en una mina de oro,el socio tambien sigue ayudando en el negocio de su madre que ella vende artesania como sombreros y sueteres,el socio ya tiene 8 años en este negocio de venta de artesania,el sueño del socio es tener un local donde venda artesania.El socio solicita el credito para comprar sombreros y sueteres.

El socio esta contento con el credito anterior y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Henrry, 38, is a mineworker. He has been doing this job, on and off, for the last three years at a gold mine, about seven hours away from Cusco. He is requesting a loan to invest in his mother’s business. His mother sells artisan crafts that she handknits, including hats and sweaters. A loan will... More from Henrry'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

  • $12,000
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Henrry to purchase hats and sweaters.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Henrry. It was first posted on Kiva on May, 2012. Learn More