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Gerardo

Update on Gerardo

Gerardo continues making a living by making and selling mattresses. He sells in various places. He works from 8:00 am until 5:00 pm. Gerardo has had this business for many years, and it is going very well. His dream is to expand his business selling mattresses. He is asking for the loan to buy materials to make mattresses, such as foam and fabrics.

Gerardo is happy about the loan and commits to making his payments.
View original language description ↓
El socio se sigue dedicando al negocio de fabricacion y venta de colchones,el socio vende en diferentes lugares,el socio trabaja desde las 8:00 a.m hasta las 5:00 p.m,el socio ya tiene varios años en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de venta de colchones.La socia solicita el credito para comprar materiales para hacer colchones como espuma y telas.

El socio Gerardo está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Gerardo continues participating in the “Siempre Juntos” (Always Together) communal bank. The bank meetings take place every thirty days in Cusco District in Cusco Province and Department. Gerardo continues with his business manufacturing and selling mattresses. He's still in the locale where ... More from Gerardo's previous loan »

Additional Information

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 $1,450 helped Gerardo to buy materials to make mattresses, such as foam and fabrics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014