Update on RomuloRómulo was born in the city of Salvación and still lives there. (The city of Salvación is located in Manu District in Manu Province within the Madre de Dios Department, Peru).
Rómulo is 38-years-old, married and this beautiful relationship has produced two children. He’s an accounting technician and works in the sub-region of Madre de Dios Department in the accounting department. He and his wife also have a small grocery store where they sell various food items like rice, sugar, noodles, soft-drinks, detergent, bread, fruit, paper goods, etc. He's been in this business for several years now and does well thanks to the effort he puts into it. He belongs to the “Del Futuro del Manu” (Manu’s Future) communal bank.
On this occasion he needs the loan to buy more merchandise at wholesale like sacks of rice, cases of jugs of milk, bags of detergent, etc. He is grateful for and values the loan and commits to make his monthly installment payments.
Rómulo tiene 38 años de edad, es casado y fruto de esta hermosa relación tiene dos hijos. Él es técnico en contabilidad y trabaja en la sub región del departamento de Madre de Dios en el área de contabilidad, También, él y su esposa tienen una pequeña tienda de abarrotes donde expenden diferentes comestibles como por ejemplo arroz, azúcar, fideos, gaseosas, detergentes, pan, frutas, papeles y otras cosas más. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. Pertenece al banco comunal “Del Futuro del Manu” y en esta oportunidad requiere el préstamo para comprar más mercadería al por mayor como por ejemplo sacos de arroz, sacos de azúcar, cajas de tarros de leches, bolsas de detergentes y etc. Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales.
Previous Loan DetailsRomulo is a member of the 'Del Futuro del Manu' community bank. The bank's meetings take place once a month in the city of Salvación, in Manu province, in Madre de Dios department. Romulo is 36 years old, married, and has two children from this relationship. He was born in the city of… More from Romulo's previous loan »
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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