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Darwin Mighail

Update on Darwin Mighail

Darwin’s a member of the “Puntualito” communal bank in the city of Cusco, Peru. He’s a young dentistry student who is very hardworking and enterprising. He works in a dentist’s office, a job that allows him to do his pre-professional field work and also to pay for his university. On this occasion, Darwin is asking for a loan to buy dental supplies and equipment. He’s very grateful to KIVA for making it possible for him to support himself and develop in his economic activity which is his main source of income in order to pay for his education.
View original language description ↓
Darwin es el socio que pertenece al banco comunal “PUNTUALITO” de la ciudad del Cusco – Perú. Darwin es un joven estudiante de odontología muy trabajador y emprendedor, que se dedica trabajar en un consultorio odontológico, trabajo que le sirve como practicas pre profesionales y tambien para pagar sus estudios universitarios. Darwin en esta oportunidad está solicitando su préstamo para comprar material e instrumental odontológico. Darwin está muy agradecido con KIVA por permitirle mantenerse y desarrollarse en su actividad económica, la cual representa el principal ingreso económico para el pago de su educación.

Previous Loan Details

Communal bank member Darwin Mighail is 20 years old and is single. He is studying for a professional career in dentistry, and in his free time he works in a clinic as a dental assistant. He likes the career he is studying for, and his dream is to finish his studies and be able to open his own den... More from Darwin Mighail'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
  • 88
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Darwin Mighail to buy dental equipment and supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Darwin Mighail. It was first posted on Kiva on Sep, 2012. Learn More