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Nicasio

Update on Nicasio

Nicasio still sells pots, blankets, mattresses, and appliances. He now seeks a loan to buy more pots, blankets, and other items to sell. He is thankful to the people that have contributed to his dream by supporting him via a loan, and he promises to comply with the repayment schedule.

He belongs to the community bank "San Marticito" in the Arariwa Association in the city of Paucartambo.
View original language description ↓
Nicasio continua con la venta de ollas, frazadas, colchones y artefactos por lo tanto en esta oportunidad requiere el préstamo para comprar ollas, frazadas y otras cosas más, él agradece a quienes forman parte de este sueño mediante este medio pues valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales con mucha responsabilidad. Él pertenece al banco Comunal “San Marticito” de la Asociación Arariwa de la ciudad de Paucartambo.

Previous Loan Details

Nicasio was born in Acomayo and now lives in Paucartambo. He is 49 years old and is separated from his partner but has a good relationship with his two children. He is a hardworking and enterprising father who is bringing up his children through his efforts selling pots, blankets, mattresses and ... More from Nicasio'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
  • 87
    View loans »
    Peru Loans Fundraising
  • $55,985,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Nicasio to buy pots, blankets and other items to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Dec 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Nicasio. It was first posted on Kiva on Aug, 2013. Learn More