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Fredi

Update on Fredi

Member Mr. Fredi continues making pizzas at a restaurant. He has been in this business for quite some time and is successful thanks to the hard work he puts in everyday. He is also a food processing industry student. He studies and works to be able to succeed in life.
Fredi requested the loan to invest in his education.
He is thankful for the offered loan and commits to pay back the loan in the monthly installments.
View original language description ↓
El socio es el señor Fredi,el socio continua trabajando en un restaurante elaborando pizzas ,el socio lleva buen tiempo ene ste trabajo el cual le va bien gracias al empeño que le pone cada dia asu trabajo,el socio a la vez es estudiante de la carrera de industrias alimentarias ,el socio estudia y trabaja siendo de esta forma que el socio sale adelante.
El socio Fredi solicita el préstamo para invertirlo en su educación.
El socio se siente agradecido por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Fredi is 20 years old and single. He lives in the Santiago district of the city of Cusco. Fredi works at a restaurant where he makes pizzas. He has done this work for eight months and with his earnings, he is paying for his studies at a culinary school in the city. Fredi is asking for thi... More from Fredi'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
  • 109
    View loans »
    Peru Loans Fundraising
  • $56,812,550
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Fredi invest in his education.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Fredi. It was first posted on Kiva on Sep, 2012. Learn More