Update on FortunatoFortunato was born in the city of Quillabamba and has resided in the city of Salvación for 30 years. (Salvación is located in the district of Manu, in the province of Manu in the region of Madre de Dios, Peru.)
Fortunato is 52 years old and is in a common-law marriage, from which he has three children. He works in the public service and in his free time he works in his grocery store and lodge. It has already been many years since he started working in this business and it is going well thanks to the effort he puts into his work. For many years, he has belonged to the communal bank "Del Futuro del Manu" ["The Future of Manu"]. He needs this loan to buy merchandise such as, for example, bags of rice, bags of sugar, and other things. He appreciates and values the loan and promises to meet his monthly payments.
Fortunato tiene 52 años de edad y tiene una relación de unión libre de la cual tiene tres hijos. Él trabaja como empleada pública y en sus horas libres se dedica a la tienda de abarrotes y al hospedaje. Ya son varios años que se dedica al negocio y le va muy bien gracias al empeño que pone en su trabajo. Desde hace varios pertenece al banco comunal “Del Futuro del Manu” y en esta oportunidad requiere el préstamo para comprar mercadería como por ejemplo sacos de arroz, sacos de azúcar y otras cosas más. Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales.
Previous Loan DetailsFortuanto belongs to the Communal Bank “Del Futuro del Manu” (Of the Future of Manu). The meetings of his Communal Bank are held every 30 days in the city of Salvación in Manu Province, Department of Madre de Dios. Fortunato is 50 years old, married, and has three children. He was born in... More from Fortunato's previous loan »
More information about this loan
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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Apr 25, 2013
- May 9, 2013
- Currency Exchange Loss:
- Nov 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.