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Rosalio

Update on Rosalio

Rosalio is 48 years old and single. He has one son. Rosalio was born in the city of Yucay, in Urubamba province, and still lives there. His main business is distributing basic household products such as rice, sugar, noodles, milk, detergents, cleaners, soap, soda, soft drinks, oils, etc. He has been in this business for several years and is doing very well thanks to the effort that he puts into his work. He is a member of the 'Reyna de los Angeles' community bank and, on this occasion, he needs a loan to buy sacks of rice and sugar.
View original language description ↓
Rosalio tiene 48 años de edad y es soltero pero tiene un hijo, él nació en la ciudad de Yucay de la provincia de Urubamba y vive en la misma ciudad donde nació. Su actividad económica principal es la distribución de productos de primera necesidad como arroz, azúcar, fideos, leche, detergentes, limpiadores, jaboncillos, jabones, gaseosas, refrescos, aceites y otras cosas más. Ya son varios años que se dedica al negocio y le va muy bien gracias al empeño que pone en su trabajo. El pertenece al banco comunal “Reyna de los Angeles” y en esta oportunidad requiere el préstamo para sacos de arroz y sacos de azúcar.

Previous Loan Details

Rosalío, 46, is from the city of Yucay and belongs to Asociación Arariwa’s “Reyna de Los Ángeles” (Queen of Angels) communal bank. He has a son named Juan Carlos who is 14 years old. Rosalío is a hardworking, responsible father who works transporting products from the city of Urubamba to Cu... More from Rosalio'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
  • 131
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Rosalio to buy sacks of rice and sugar.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013