Update on Juan RobertoThis member continues to study psychology a one of the universities in Cusco. He is responsible and dedicated and wants to continue studying so that he can become a professional and work for a good company. He is asking for a loan to pay his university tuition.
He is grateful and commits to making his payments on time.
El socio solicita el credito para pagar sus estudios universitarios.
El socio se siente agradecido por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsHe continues studying psychology in the university. He attends classes from 8am until 6pm and only has two more years left to finish his psychology studies. His dream is to complete his studies, become a professional and get ahead. He requests the loan to pay his university expenses. He’s hap... More from Juan Roberto'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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