Update on HiladionHiladion belongs to the communal bank SR DE LOS TEMBLORES III. He still has his business buying and selling artisan crafts, like sweaters, jackets, scarves, gloves, and hats among other things. He has been in this business for awhile, and it is going well for him thanks to the effort that he puts into it every day. He sends this merchandise to his sister, who sells it to tourists in Machupicchu. At the same time, he works in logistics for a state business, and this is how he moves forward. He is applying for the loan to buy sweaters for his business. He is grateful for the loan and he promises to make his payments on time.
El socio solicita el credito para la compra de chompas de alpaca para su negocio.
El socio se siente agradecido por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsHiladion is 24 years old and works in warehouse logistics. He recently started this job after finishing his degree in hotel administration. Additionally, Hiladion earns income through a business buying and selling artisanal handicrafts. He is responsible for purchasing merchandise such as woven t... More from Hiladion'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Oct 24, 2012
- Nov 17, 2012
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.