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Hiladion

Update on Hiladion

Hiladion 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.
View original language description ↓
El socio pertenece al banco comunal SRDE LOS TEMBLORES III,el socio continua con su negocio de compra y venta de artesania como chompas,chalecos,chalinas,guantes,chuyos entre otros,el socio lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,esta mercaderia lo envia a su hermana quien lo vende a los turistas en Machupicchu,el socio a la vez continua trabajando en el area de logistica para una empresa estatal,siendo de esta forma que el socio sale adelante.
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 Details

Hiladion 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… More from Hiladion'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
  • 76
    View loans »
    Peru Loans Fundraising
  • $53,936,350
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Hiladion to buy alpaca sweaters for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013
This photo was used before for a previous loan for Hiladion. It was first posted on Kiva on Apr, 2012. Learn More