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Update on Efrain

Efrain is still working as a carpenter and has a small shop located in his residence, where he makes wooden furniture, such as chairs, tables, dressers, beds among other things. In this occasion, Efrain needs a loan to buy materials such as wood, nails, paint and so on. Efrain continues to work with the community bank "Mamacha Rosario" from the Arariwa Association, he is thankful for the opportunity given to him through this loan and commits to make repayments according to schedule.
View original language description ↓
Efraín continúa con su profesión de carpintero y tiene un pequeño taller en su domicilio donde fabrica diferentes tipos de muebles de madera como por ejemplo sillas, mesas, roperos, camas y otras cosas más. En esta oportunidad Efraín requiere el préstamo para comprar más materiales de trabajo como por ejemplo madera, clavos, pintura y otras cosas más.

Efraín continúa en el banco comunal “Mamacha Rosario” de la Asociación Arariwa y se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

Efraín was born in the district of Kosñipata, province of Paucartambo in the department of Cusco. He is 34 and a carpenter. He has a small workshop at home, where he makes wooden furniture, such as chairs, tables, cupboard, and beds. At the moment, Efraín needs a loan to buy more work material... More from Efrain's previous loan »

Additional Information

More information about this loan

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

  • $12,000
    Average annual income
  • 103
    View loans »
    Peru Loans Fundraising
  • $58,002,425
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Efrain to buy materials such as wood, nails, paint and other.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 11, 2013
Jun 28, 2013
Currency Exchange Loss:
Nov 17, 2013
This photo was used before for a previous loan for Efrain. It was first posted on Kiva on Feb, 2012. Learn More