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Rainer

Update on Rainer

Rainer is a member of the “LOS DIAMANTES” communal bank in the city of Cusco – Peru. Rainer works as a state police officer, but also supports his wife with the family business; a restaurant with which they get the family ahead and is their main source of income. Rainer works very hard to provide a better future and education to his daughter. He is asking for this loan in order to buy ingredients such as vegetables, noodles, rice, meats, etc. 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 Rainer, él pertenece al banco comunal LOS DIAMANTES” de la ciudad del Cusco – Perú. Rainer continua con su actividad como policía del estado, pero también apoya con el negocio familiar a su esposa, que es la venta de alimentos en su restaurante, actividad con la cual saca adelante a su familia y que representa el principal ingreso económico y sustento de su familia. Rainer trabaja muy duro para sacar adelante su actividad complementaria y de esta manera ofrecer un mejor futuro y educación a su hija, Rainer solicita el crédito para comprar insumos como verduras, fideos, menestras, arroz, carnes etc. para la producción de su restaurante. El socio agradece a KIVA por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Rainer is 30 years old and married with one daughter who is three years old. He works as a policeman in the city of Cusco. He is asking for a $600 loan in order to invest in his wife's restaurant. Her restaurant sells all types of traditional Peruvian food and is open for breakfast, lunch, and di... More from Rainer'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
  • 111
    View loans »
    Peru Loans Fundraising
  • $54,998,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $200 helped Rainer to buy ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Rainer. It was first posted on Kiva on Jul, 2011. Learn More