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Julio Euloterio

Update on Julio Euloterio

This member makes metal structures such as doors, windows, and chairs. He works from 8:00 am to 6:00 pm and has been doing this for six years. Things are going well for him and he wants to expand his production. He is asking for a loan to buy metal and tools.

He is grateful for the opportunity and promises to make his payments on schedule.
View original language description ↓
El socio se sigue dedicando al negocio de fabricacion de estructuras metalicas,el socio realiza trabajos como puertas,ventanas y sillas,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,el socio ya tiene 6 años en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de fabricacion de estructuras metalicas.El socio solicita el credito para comprar metales y herramientas.

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

Communal bank member Julio is 44 years old. He is married, and from this union he has two children. He belongs to the communal bank "My Peru" of the Arariwa Association. He is a native of the city of Puno and has lived in the city of Cusco for a number of years. He is a responsible father who wor... More from Julio Euloterio'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
  • 127
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Julio Euloterio to buy supplies and tools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Julio Euloterio. It was first posted on Kiva on Aug, 2012. Learn More