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Justo

Update on Justo

He’s a member of the “Unión, Fuerza y Amistad” (Unity, Strength and Friendship) communal bank and continues with his business selling dry goods like wheat and lima beans, among others. He’s been in this business for years and does well thanks to daily effort he puts into his business. He also continues providing taxi service in his free time. This is how he supports his family. He’s requesting the loan to buy tires for his car. He’s grateful for the loan granted and commits to make his scheduled payments.
View original language description ↓
EL socio pertenece al banco comunal UNION, FUERZA Y AMISTAD, él socio continua con su negocio de venta de granos secos como trigo, habas entre otros, él socio lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, a la vez el socio continua brindando el servicio de taxi en sus tiempos libres, siendo de esta forma que el socio saca adelante a su familia.
El socio solicita el crédito para la compra de llantas para su carro.
El socio se siente agradecido por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Justo, 53, is a member of the “UNION, FUERZA Y AMISTAD” (Unity, Strength & Friendship) communal bank located in Cusco district which belongs to Cusco province, Cusco department. He has a spouse and two children. He alternates his daily chores with being a grains merchant. He buys and sells w... More from Justo'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
  • 115
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Justo to buy tires for his car.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013