Update on CustodioThe member belongs to the “HUAYNA PICCHU” communal bank. The bank is located in the district of Cuzco, in the province and department of Cuzco.
His name is Custodio. He continues with his business selling artisanal crafts. He has been in this business for some time and it is going well for him for him thanks to the hard work he brings to it every day. He has a store where he sells his merchandise of textiles and blankets to his customers who order from him. He is a responsible and dedicated person and this is the way he gets his family ahead.
Custodio is asking for the loan to buy blankets wholesale for his business and for some personal expenses.
He is happy with the loan and committed to making his payments on time.
El socio es el Sr. Custodio; El socio continua con su negocio de venta de artesania,el socio lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,el socio cuenta con una tienda donde vende su mercaderia de textiles y mantas a sus clientes que le solicitan,el socio es una persona responsable y empeñosa siendo de esta forma que el socio saca adelante a su familia.
EL socio solicita el credito para la compra de mantas al por mayor para su negocio y para algunos gastos personales.
El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThe member belongs to the Huayna Picchu community bank. The bank is located in the district of Cusco, belonging to the province and department of Cusco. The member is Custodio. He is 43 years old and lives with his partner and has one son. He alternates his daily work with a business selling… More from Custodio'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
- 6 months (Additional Information)
- Repayment Schedule
- Oct 26, 2012
- Dec 1, 2012
- Currency Exchange Loss:
- Mar 15, 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.