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Luis

Update on Luis

Luis continues with his business in agriculture, breeding small animals and livestock. He continues cultivating dry products like potatoes, barley, corn and other items. He's been running his business for 17 years and it's going very well. On this occasion, he's requesting a loan to buy seeds.

Luis was born in the Maras district, but now lives in the community of Jajahuana. (The community of Jajahuana is located in the District of Challabamba, in Paucartambo Province, Department of Cusco, in Perú). Luis is 55 years old and in a common-law relationship. He has seven children, three of whom live with him, while the rest are independent.
View original language description ↓
Luis continúa con sus actividades como la agricultura, la crianza de animales menores y la ganadería entonces él sigue cultivando productos secos como por ejemplo papa, cebada, trigo y otros. Ya son 17 años que se dedica a este negocio y le va muy bien. En esta oportunidad requiere el préstamo para comprar semillas.

Luis nació en el distrito de Maras pero ahora vive en la comunidad de Jajahuana. (La comunidad de Jajahuana está ubicado en el distrito de Challabamba dentro de la provincia de Paucartambo del departamento del Cusco, Perú). Él tiene 55 años de edad y tiene una relación de unión libre de la cual tiene siete hijos de la cuales tres están a su lado pero los demás son independientes.

Previous Loan Details

Luis was born in the District of Maras, but he now lives in the community of Jajahuana. The community of Jajahuana is located in the District of Challabamba in Paucartambo Province, Department of Cusco, Peru.

Luis is 55 years old and in a common-law relationship. He has seven children, ... More from Luis'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

  • $6,715
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $55,266,250
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Luis buy seeds.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Luis. It was first posted on Kiva on Apr, 2013. Learn More