Update on OswaldoOswaldo belongs to the "Virgen Asunta de Oropesa" village bank of the Arariwa Association. The member continues working making bread in the bakery of his place. The member has been doing this business for a long time, which is going well thanks to the effort that he puts forth to his business every day. The member is a responsible person, the member desires to be able to continue working so that in this manner he can continue supporting his family.
The member is applying for a loan for the purchase of supplies like flour, sugar, among others. Oswaldo is thankful for the loan and he promises to fulfill the payment of his installments according to the payment timeline.
El señor Oswaldo pertenece al banco comunal “Virgen Asunta de Oropesa” de la Asociación Arariwa.
El socio continua dedicándose a la elaboración de pan en una panadería del lugar, él socio lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada di a su negocio, él socio es una persona responsable, el socio desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
El socio solicita el crédito para la compra de insumos como harina, azúcar entre otros.
El señor Oswaldo agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsOswaldo is 38 years old. He is in a common-law relationship and has two children. He was born in and lives in the town of Oropesa, 30 minutes from the city of Cusco. He has been making "Orpesa" bread at a bakery from a young age, but the shop is rented. He is an enterprising and hard-working… More from Oswaldo's previous 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
- 8 months (Additional Information)
- Repayment Schedule
- Jan 14, 2014
- Jan 31, 2014
- Currency Exchange Loss:
- Aug 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.