Update on Rene WildonThe member belongs to the Todos Unidos communal bank. He continues in his business of selling auto parts and auto accessories. He sells to his customers who request from him. He has been in this business for years. It is going well for him thanks to the effort that he puts into his business every day. He wishes to be able to continue working in order to continue supporting his family in this manner.
He is requesting to loan to buy headlights and spark plugs, among others. He is grateful for the loan that was granted, and he pledges to make his payments as scheduled.
El socio solicita el crédito para la compra de faros, bujías entre otros.
El socio se siente agradecido por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsEvery thirty days, the members of the "Todos Unidos" (Everyone United) community bank meet in Asociación Arariwa's central office, in the city of Cusco, in Cuso department, Peru. For many years, this area has been known as the "Archaeological Capital of America". Here we meet Wildon who is a ... More from Rene Wildon'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.
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Success!! The loan was 100% repaid