Update on CesarThe borrower is Cesar, 31. He belongs to the "Luz del Sur" communal bank in the city of Cuzco, Peru. Cesar is continuing with his business making metal structures and doing general carpentry.
Cesar needs to buy materials such as steel rods, sheet steel, welding electrodes and wood, so that he can work in his shop. Cesar's great dream is to save and buy a vehicle for transporting the material he works with, and also to transport his furniture. Cesar is grateful to Kiva for allowing him to develop himself and keep his business going.
El gran sueño de Cesar es ahorrar y comprar un vehículo para transportar el material con el que trabaja y también para el transporte de sus muebles.
Cesar agradece a KIVA por permitirle desarrollarse y mantenerse en su actividad económica.
Previous Loan DetailsCesar is one of 12 members of the village bank “Luz del Sur”, located in the Andean highlands of Cusco. Cesar is 24 years old and single. He owns and operates a metal workshop with his brother. For the last eight years, Cesar has worked in the shop constructing all types of metal structures for his… More from Cesar'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