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Elvis

Update on Elvis

Elvis is a member of the Señor de los Milagros de Chimpahuaylla Community Bank in Cusco, Peru.

He continues his work raising cattle, a job he’s had for many years. All is going well thanks to the hard work he puts in every day. Elvis is a responsible person and is helping his family get ahead.

He is seeking a loan to buy cattle fodder and a young bull. He is grateful to Kiva donors as the loan allows him grow his business.
View original language description ↓
El socio Elvis pertenece al banco comunal “Señor de los Milagros de Chimpahuaylla” de la ciudad del Cusco – Perú.

El socio continua dedicandose a la ganaderia ,el socio lleva años dedicandose a esta actividad el cual le va bien gracias al empeño que le pone cada dia a su negocio,el socio es una persona responsable siendo de esta forma que el socio saca adelante a su familia.

El socio solicita el credito para la compra de alimentos como forraje y un torete.
Elvis agradece a KIVA por permitirle desarrollarse con su actividad y seguir creciendo cada vez mas.

Previous Loan Details

This communal bank member is Señor Elvis. He belongs to the communal bank "Señor de los Milagros de Chimpahuayalla" (Lord of the Miracles of Chimpahuaylla) in the city of Cusco, Peru. He continues to work in cattle raising, principally in the purchase, fattening, and sale of cattle, an activity… More from Elvis'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
  • 47
    View loans »
    Peru Loans Fundraising
  • $53,879,750
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Elvis buy cattle fodder and a young bull.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013