Check out some available loans that are similar to this one!
Oliver

Update on Oliver

Oliver is a young entrepreneur and worker who belongs to the communal bank "RICCHARIY PURIRISUN" of the Asociación Arariwa. He lives in the city of Oropesa in the Cusco province. He is 21 years old and has a son. Oliver continues the bakery business where he works in the production of "Chuta" breads, which are traditional breads from the cities of Oropesa and Cusco. At this time, Oliver needs a loan to buy supplies such as sacks of flour. He thanks all the investors for their help and is committed to the timely repayment of the fees.
View original language description ↓
Oliver es un joven emprendedor y trabajador que pertenece al banco comunal “RICCHARIY PURIRISUN” de la Asociación Arariwa, él vive en la ciudad de Oropesa provincia del Cusco, él tiene 21 años de edad y tiene un hijo.

Oliver continua con el negocio de la panadería donde se dedica a la elaboración de panes “Chuta” que son panes tradicionales de la ciudad de Oropesa y Cusco.

En esta oportunidad Oliver requiere el préstamo para comprar insumos como por ejemplo sacos de harina. Agradece a todos los inversionistas por ayuda y se compromete a pagar puntualmente las cuotas.

Previous Loan Details

Oliver belongs to Asociación Arariwa’s “Ricchariy Puririsun” communal bank. He lives in the city of Oropesa in Cusco Province. He’s 20-years-old and has a son. Oliver makes and sells “Chutas” [traditional large bread rolls typical of Oropesa and Cusco]. On this occasion, he needs the loan to… More from Oliver'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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,969,950
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Oliver to buy supplies, such as sacks of flour.
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
This photo was used before for a previous loan for Oliver. It was first posted on Kiva on Sep, 2012. Learn More