Update on Juan CarlosThe Community Bank RENACER is located in the Huanchac District in the Department and Province of Cusco. Juan Carlos, a member of the community bank, operates a furniture business and has been crafting furniture for several years now. He believes that business is going well thanks to the high level of effort he puts in each and every day to his work. Juan Carlos is a carpenter who specializes in laminate wood furniture. On days when the fair convenes in Cusco, he takes his handiwork to the market for sale.
The carpentry business is Juan Carlos' primary means of supporting his family, and he plans to use the support from this loan to purchase tools for his carpentry business. He is grateful for this opportunity, and promises to complete all repayments on schedule.
El socio es el Sr: Juan Carlos, el socio continua confeccionando muebles en melamina,el socio lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,el socio es carpinero siendo su especialidad trabajos hechos a base de malamina,el socio continua llevando sus trabajos los dias de feria por el centro de la ciudad, siendo de esta forma que la socia saca adelante a su familia.
El socio solicita el préstamo para comprar herramientas para su negocio.
El socio se encuentra agradecida y desea expresar que cumplirá de manera disciplinadamente con los pagos de sus cuotas.
Previous Loan DetailsThe communal bank is called RENACER (To Be Reborn) and is located in Huanchac District belonging to Cusco Province and Department. The member is Juan Carlos, 31. He’s single and has worked making melamine furniture for the last four years. He’s a carpenter and his specialty is working with… More from Juan Carlos's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Dec 20, 2012
- Feb 1, 2013
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.