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Manuel Concepcion

Update on Manuel Concepcion

This member has had a restaurant for several years and things have been going well, thanks to the daily effort he puts in. He prepares breakfasts, lunches, and dinner. He also sells chicha and fruit drinks in his restaurant. He is a responsible person who gets his family ahead in this way.

He is asking for a loan to buy supplies such as meat, cooking oil, rice, and other things.

He is grateful for the loan and is committed to making his payments on time.
View original language description ↓
El socio continua dedicandose al negocio de restaurante, el socio lleva años en este su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,el socio prepara desayunos,almuerzos y cenas,a la vez el socio tambien vende chicha de jora y frutillada en su restaurante,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 insumos como carne,aceite,arroz entre otros.

El socio se siente agradecido por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Manuel continues to work in his restaurant. He prepares breakfast, lunch, and dinner. Together with his wife, they move this business forward. Manuel works from 8 in the morning to 9 at night. This business is how he moves his children forward. His dream is to be able to expand his restaurant. He... More from Manuel Concepcion'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
  • 89
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    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 Manuel Concepcion to buy incredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013