Update on LeoncioThe member belongs to the “Amistad Cusqueña” communal bank. He is continuing with his business selling books and with his taxi service. He has been in his business and offering the taxi service for some time. These activities are going well thanks to the effort he puts into each one of them. The member is a responsible and hard-working person, as this is how he keeps going for the sake of his family.
He is requesting the loan to buy tires for his taxi. Member feels grateful for the loan granted and promises to pay his installments on time. He is grateful for the assistance he has been provided.
El socio solicita el credito para la compra de llantas para su carro.
El socio se siente agradecido por el credito otorgado y se compromete a pagar sus cuotas puntualmente y agradece por la ayuda brindada
Previous Loan DetailsCommunal bank "Amistad Cusqueña" gathers every 30th day of the month in the city of Cusco. Cusco is a very popular touristic and commercial destination, famous for its traditional Inti Raymi festival and because it has one of the world’s seven wonders, Machu Picchu. Leoncio, one of the bank’s… More from Leoncio's previous 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.
70View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- May 15, 2013
- Jun 19, 2013
- Currency Exchange Loss:
- Oct 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.