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Daniel

Update on Daniel

Daniel is a member of the “Ricchary Runa” communal bank in Cusco – Peru.

He continues to provide moving services and has been doing this for years. Things are going well, thanks to the daily effort he puts in. He is a hardworking, responsible person and gets his family ahead this way.

He is asking for a loan to buy tires for his vehicle.

Daniel is grateful for the loan and is committed to making his payments on schedule.
View original language description ↓
El socio Daniel pertenece al banco comunal “Ricchary Runa” de la ciudad del Cusco - Perú.

El socio continua brindando el servicio de mudanzas,el socio lleva años en este su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,el socio es una persona responsable y empeñoso siendo de esta forma que el socio saca adelante a su familia.

El socio solicita el credito para la compra de llantas para su carro.

EL socio Daniel se siente agradecido por el credito y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

This member's name is Daniel. He belongs to the “Ricchary Runa” communal bank in the city of Cuzco - Perú, He is still doing his work with a moving service, work he has been doing for a long time. With it, he has been able to support his family and give his children an education. That is why, at... More from Daniel'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
  • 125
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Daniel to buy tires.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013