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Aristides

Update on Aristides

Aristides continues as a member of the Imasumac II community bank. He also continues his business making, purchasing, and selling handicrafts. He has had this business for many years and it is going well. When he does not have time to make handicrafts himself, he has to purchase them from his colleagues so that he does not stop distributing merchandise. Many people request his products such as alpaca sweaters and ceramics since they are of very good quality.

He is requesting this loan to purchase merchandise such as ceramics. He is grateful for the loan provided and promises to make his payments on time.
View original language description ↓
Aristides continua en el banco comunal “Imasumac II” y con el negocio de elaboracion, compra y venta de artesanía. Ya son varios años que se dedica a este negocio y le va muy bien. Cuando no le alcanza tiempo de elaborar artesania el tiene que comprar artesania de sus colegas y asi no dejar de distribuir mercaderia. Muchas personas le solicitan sus productos como chompas de alpaca y cerámicas pues son hechos con una buena calidad. Solicita el crédito para la compra de mercadería como cerámicas. Se siente agradecido por el préstamo otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

This member belongs to the "IMASUMAC II" community bank; the bank is located in the Huanchac district in the province of Cusco and the department of Cusco. The member is Señor Aristides; he is 51 years old and is separated with 2 children. The member works creating ceramics and also works in... More from Aristides'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

  • $6,715
    Average annual income
  • 78
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Aristides to purchase merchandise such as ceramics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013