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Alejandro

Update on Alejandro

Alejandro continues to work in his grocery store business. He sells staples such as rice, sugar, milk, and cookies. He works from 6:00 a.m. until 8:00 p.m. He now has seven years with his business and it is going very well for him. His dream is to expand his grocery store business. He is applying for this loan to buy rice, sugar, milk, and cookies.

He is grateful that Kiva makes it possible for him to continue working and growing his economic activity.
View original language description ↓
El socio se sigue dedicando al negocio de tienda de abarrotes,el socio vende productos de primera necesidad como aroz,azucar,leche y galletas,el socio trabaja desde las 6:00 a.m hasta las 8:00 p.m,el socio ya tiene 7 años en este negocio y le va muy bien,el sueño del socio es ampliare el negocio de tienda de abarrotes.El socio solicita el credito para comprar arroz,azucar,leche y galletas.


El socio agradece a KIVA por permitirle seguir trabajando y desarrollándose en su actividad económica.

Previous Loan Details

The member is Alejandro. He continues to sell basic needs in his grocery store, an activity that provides his family's primary source of income and upkeep. Alejandro is applying for a loan to buy merchandise such as rice, sugar, noodles, milk, drinks and snacks to reinvest in his business.… More from Alejandro'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
  • 79
    View loans »
    Peru Loans Fundraising
  • $53,929,875
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alejandro to buy rice, sugar, milk, and cookies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Alejandro. It was first posted on Kiva on Dec, 2012. Learn More