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Mario

Update on Mario

Mario makes a living raising cattle for resale in various markets. He has been working in this arena for eight years, and business is going very well. His dream is to grow and expand his cattle operation, and he plans to use the support from this loan to purchase cattle as well as feed for his herd.

Mario is grateful for this opportunity, and promises to make all scheduled loan repayments on time.
View original language description ↓
El socio se sigue dedicando al negocio de ganaderia,la socia cria los ganados los hace engordar y crecer y luego los vende en las diferentes ferias,el socio ya tiene 8 años en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de ganaderia.El socio solicita el credito para comprar ganados y alimentos para los ganados.

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

Previous Loan Details

The partner continues raising livestock. He has cattle that he raises and fattens up and then takes to sell at various street markets that exist in Anta District. He works from 5am until 6pm and is able to support his children with this business. His dream is to expand the cattle raising bus... More from Mario'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
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Mario to purchase cattle and feed for his herd.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013