Update on Eddy PabloEddy thanks lenders for the support provided hoping they will continue supporting all of his Asociación Arariwa companions. Eddy was born in the city of Colquepata but lives in the city of Huancarani. He’s 23-years-old and has no children yet.
Eddy’s a young, hardworking entrepreneur who gets ahead thanks to much effort and dedication to his business which is furniture manufacturing. He makes wood furniture like tables, chairs, armoires and others. He’s been in this business several years now and does very well thanks to the effort he puts into his work.
He’s a member of Asociación Arariwa’s “Mamacha Rosario” communal bank that’s grateful for the opportunity provided by this means. On this occasion he needs the loan to buy work supplies like wood, nails and glue. He’s grateful for and values the loan and commits to make his monthly payments.
(The cities of Colquepata and Huancarani are districts in Paucartambo Province which is in Cusco Department, Peru).
Eddy nació en la ciudad de Colquepata pero vive en la ciudad de Huancarani, él tiene 23 años pero aun no tiene hijos.
Eddy es un joven emprendedor y trabajador que sale adelante con mucho esfuerzo y dedicación pues su actividad económica es la elaboración de muebles de madera como por ejemplo mesas, sillas, roperos y otros más. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. Él pertenece al banco comunal “Mamacha Rosario” y esta oportunidad requiere el préstamo para comprar materiales de trabajo como madera, clavos y cola. Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales.
(Las ciudades de Colquepata y Huancarani son distritos de la Provincia de Paucartambo dentro del departamento de Cusco, Perú).
Previous Loan DetailsEddy was born in the city of Colquepata, but he lives in Huancarani. He is 23 years old and does not have any children yet. Eddy is an enterprising and hardworking young man who moves ahead with effort and dedication. His business activity is making wooden furniture, such as tables, chairs, cl... More from Eddy Pablo'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
- 6 months (Additional Information)
- Repayment Schedule
- Oct 4, 2013
- Oct 21, 2013
- Currency Exchange Loss:
- Mar 17, 2014
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.