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Victor

Update on Victor

Víctor continues with Asociación Arariwa's Ricchariy Puririsun Communal Bank. He lives in the city of Oropesa in the province of Cusco. He's 48 years old and has one child.

Víctor continues to make a living selling "chutas" [large rolls] in the city of Juliaca in the department of Puno. He has made a living in the business for 16 years and it's going very well for him.

Víctor needs this loan to buy ingredients such as sacks of flour and leavening to make more bread.
View original language description ↓
Victor continua en el banco comunal “RICCHARIY PURIRISUN” de la Asociación Arariwa, él vive en la ciudad de Oropesa provincia del Cusco, él tiene 48 años de edad y tiene un hijo.

Victor sigue dedicándose a la venta de panes “Chutas” en la ciudad de Juliaca del departamento del Puno.

Desde 16 años que sigue dedicándose al negocio y le va muy bien. En esta oportunidad Victor requiere el préstamo para comprar materiales de trabajo o insumos como por ejemplo sacos de harina y levadura para preparar más panes.

Previous Loan Details

Victor belongs to Asociación Arariwa’s “Ricchariy Puririsun” communal bank. He lives in the city of Oropesa in Cusco Province. He’s 47-years-old and has a son. He continues selling “Chutas” [traditional large bread rolls typical of Oropesa] in the city of Juliaca, Puno Department. Victor h... More from Victor'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
  • 98
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Victor to buy ingredients to make bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013