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Victor

Update on Victor

Victor is grateful to the Kiva lenders for his previous loan and is pleased with the support that was given to him. He wants to continue his work with the help of additional business capital. Victor continues to sell fruit such as oranges, tangerines, pineapples, and other products.

He has been a member of the Communal Bank "Chacoq" for several years. Victor is taking this opportunity to request a loan so that he can pay the workers who pick the fruit off of the trees.
View original language description ↓
Victor agradece a los inversionistas por el préstamo y se siente contento por el apoyo brindado y desea seguir participando en este proyecto pues le ayudo a incrementar el capital del negocio, él continua con la venta de frutas como por ejemplo naranjas, mandarinas, piñas y otras cosas más. Desde hace varios años que pertenece al banco comunal “Chacoq” y en esta oportunidad requiere el préstamo para pagar a los trabajadores que sacaran las frutas de los arboles.

Previous Loan Details

Victor’s 39-years-old and lives in the city of Pilcopata. He’s a hardworking, enterprising man who is moving ahead. His main economic activity is agriculture and selling fruit like oranges, mandarins, pineapples and other things. He’s been a member of the “Chacoq” communal bank for several… More from Victor'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
  • 30
    View loans »
    Peru Loans Fundraising
  • $54,528,450
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Victor to pay the workers who harvest the fruit.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Victor. It was first posted on Kiva on May, 2013. Learn More