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Edgar Erasmo

Update on Edgar Erasmo

He continues with his business of Internet access booths working from 8am until 9pm. He’s been in this business for 6 years and does very well. His dream is to expand the Internet access booth business. He requests a loan to buy a spare part for his computer. He’s grateful for the opportunity provided by this means and at the same time commits to make his payment as scheduled.
View original language description ↓
El socio se sigue dedicando al negocio de cabina de internet,el socio trabaja desde las 8:00 a.m hasta als 9:00 p.,el socio ya tiene 6 años en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de cabina de internet.El socio solicita le credito para comprar un repuesto para su computadora.

El socio se encuentra agradecido por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

EDGAR is a partner of the community bank "MINIBANK". He is from the town of Cusco. He is 63 years old, married with 3 sons and 1 daughter. The three sons ar professionals and the daughter studies accounting at the private university "Andina del Cusco. He is retired and has a small internet café w... More from Edgar Erasmo'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
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $50 helped Edgar Erasmo to buy a part for his computer.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013