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Update on Celestino

Celestino says that his previous loan made him happy, because it helped him a lot with his business and it turned out very well for him. He continues to live in the community of Mojopata and to work in agriculture. Celestino has various fields under cultivation, where he grows apples, peaches, quinces and other products. He has been working in this area for a number of years now, and he says things go well for him because of the hard work and effort he puts into his work.

Celestino belongs to the communal bank “Sol Naciente de Mojopata” [“Rising Sun of Mojopata”]. He is requesting this loan to buy fertilizer. He says that he appreciates and is grateful for the loan, and that he promises to make his monthly payments responsibly. (The community of Mojopata is located in the district of Challabamba in the province of Paucartambo, Cusco, Peru).
View original language description ↓
Celestino esta feliz por el anterior prestamo pues le ayudo mucho con el negocio y le fue muy bien. Celestino continua viviendo en la comunidad de Mojopata y sigue dedicandose a la agricultura pues tiene varios terrenos de cultivos donde cosecha manzana, duranzo, menbrillo y otros productos. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. El pertenece al banco comunal “Sol Naciente de Mojopata” y esta oportunidad requiere el préstamo para comprar fertilizantes. Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales con mucha responsabilidad. (La comunidad Mojopata está ubicado en distrito de la Challabamba de la provincia de Paucartambo, Cusco, Perú).

Previous Loan Details

Celestino lives in the community of Mojopata and is 45 years old. He makes a living in agriculture, as he has various plots of land where he grows crops and harvests apples, peaches, quinces and other produce. He has been in this business for many years and it's going very well thanks to the effo... More from Celestino'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
  • 175
    View loans »
    Peru Loans Fundraising
  • $60,197,200
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Celestino to buy fertilizer.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 25, 2013
Nov 27, 2013
Currency Exchange Loss:
Mar 17, 2014