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Update on Walter

Walter is a metalworker who makes items such as doors, windows, ladders, etc. He expects that he will be able to expand his workshop and acquire better and more up-to-date tools through his efforts.

Walter is asking for this loan in order to buy metal bars, iron sheets, and tools for making structures. He is grateful to Kiva for the loan and promises to make his payments on time.
View original language description ↓
El socio es el señor Walter, él continúa dedicándose al negocio de carpintería metálica, fabricando estructuras como puertas, ventanas escaleras, etc. Walter espera que con su trabajo y esfuerzo pueda ampliar el negocio de su taller y adquirir mejores y más modernas herramientas.
Walter solicita el crédito para comprar materiales como varillas metálicas, planchas de acero y herramientas para la producción de sus estructuras. El socio agradece a KIVA por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Walter owns a metal workshop, where he produces all sorts of metal products such as doors, roofs, windows and stairs. He is 31 years old and single and has been working in this trade for ten years. Walter is requesting a loan in order to purchase machinery such as a solder and a drill. Furthe... More from Walter'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

  • $12,000
    Average annual income
  • 101
    View loans »
    Peru Loans Fundraising
  • $58,947,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Walter to buy supplies and tools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Dec 1, 2012
Currency Exchange Loss:
Apr 17, 2013