Update on RimberHe continues working in the travel agency business. He offers trips to places like Machupicchu or the Cusco Sacred Valley. He works from 8am until 6pm and has been in business 6 years and does very well. His dream is to expand the travel agency business; he’s requesting the loan to buy tickets to tourist attractions. He enjoys his work very much and is very hardworking; he’s committed to make his installment payments on time.
El socio disfruta mucho su trabajo y es muy trabajador y él se ha comprometido a hacer los pagos de los préstamos necesarios a tiempo.
Previous Loan DetailsThe communal bank member Rimber is a very respected person in his communal bank "Minibank" of the Arariwa Association. He is 33 years old. He is married and has a son. He continues to have a travel agency in the city of Cusco. His business is successful, since there are many tourists who visit the… More from Rimber'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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