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David

Update on David

David continues to work as a metal structures builder and makes different things like windows, doors, frames, and other things. He works from 8:00 am to 6:00 pm and has been doing this for several years. Things are going well and he wants to expand his business. He is asking for this loan so he can buy tools and metal.

He is happy about the loan and is committed to making his payments on time.
View original language description ↓
El socio David sr sigue dedicando al negocio de carpinteria de estructuras metalicas,el socio realiza diferentes trabajos como ventanas,puertas y marcos entre otros trabajos,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,el socio ya tiene varios años trabajando en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de carpinteria metalica.El socio solicita el credito para comprar herramientas y metales para su trabajo.

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

Previous Loan Details

David is one of 12 members of the village bank “Luz del Sur”, located in the Andean highlands of Cusco. David is 31 years old and single. He owns and operates a metal workshop with his brother. From the age of 15, David has worked in the shop constructing all types of metal structures for his cus... More from David'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.

Tags

About Peru

  • $12,000
    Average annual income
  • 88
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped David to buy supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for David. It was first posted on Kiva on Feb, 2012. Learn More