Update on Juan RaulJuan Raúl continues to offer transportation services in his own taxi. He covers the route that goes from the city of Oropesa to the city of Cusco. He is requesting this loan to do maintenance on his car and purchase parts such as pistons.
Juan Raúl continues to belong to the Ricchariy Puririsun community bank with Asociación Arariwa. He is grateful for the opportunity provided and promises to make his payments according to the repayment schedule.
Juan Raúl sigue perteneciendo al banco comunal “RICCHARIY PURIRISUN” de la Asociación Arariwa y se encuentra agradecido por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.
Previous Loan DetailsJuan Raúl, 50 years old, is married and has five children. He was born in the city of San Pablo, Canchis province, Cusco department. He currently lives in the city of Oropesa, Cusco province, Peru. Juan Raúl continues to provide transportation services in his own taxi. He covers the route that… More from Juan Raul'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