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Ruben

Update on Ruben

The member belongs to the communal bank Comuzone I. Ruben continues with his business selling clothes. He sells sweaters, jackets, pants and polos, among other items. He travels every so often to the city of Lima to get his merchandise to later sell it in his town to his customers who request it because they also get their goods from Lima. He has spent many years in this business and this is the way he gets his family ahead.

The member seeks the loan for the purchase of pants and sweaters for his business. He feels grateful for the previously granted loan and he promises to comply with his established payments.
View original language description ↓
EL socio pertenece al banco comunal COMUZONE I ,el socio sigue con su negocio de venta de ropa ,el vende lo que con chompas,casacas,pantalones,polos entre otros,el socio viaja cada cierto tiempo a la ciudad Lima para traer su mercaderia para luego venderlo en su local a sus clientes que le soliciten como tambien le mandan su mercaderia desde Lima,el socio lleva años con su negocio siendo de esta forma que el socio saca adelante a su familia.

El socio solicita el credito para la compra de pantalones y chompas para su negocio.
El socio se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

He belongs to the “Comuzone I” communal bank and continues with his business selling clothes. He travels every so often to Lima to buy merchandise like pants, coats and polo shirts, among others and sometimes the merchandise is shipped to him too. He has a locale where he sells his goods to c... More from Ruben'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
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Ruben to buy pants and sweaters for his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013