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Bruno

Update on Bruno

Bruno continues with his clothing sales business. He sells pants, sweaters, and blouses. He works from 8:00 a.m. until 6:00 p.m. He has been in this business for several years already and it is going very well for him. His dream is to expand the business selling clothing. He is asking for the loan to buy polo shirts, blouses, and sweaters.

He is happy because of the loan and he promises to make his payments on time.
View original language description ↓
El socio Bruno se sigue dedicando al negocio de venta de ropa,la socia vende pantalones,chompas y blusas,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,el socio ya tiene varios años en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de venta de ropa.El socio solicita el credito para comprar polos,blusas y chompas.

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

Previous Loan Details

This member, 38, was born in the city of Cusco, where he continues to live with his common-law wife and son. The communal bank he belongs to is "Santa Rosita de Lima" of the Arariwa Association. His main business is buying and selling clothing to other vendors. On this occasion, he is reques... More from Bruno'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.

About Peru

  • $6,715
    Average annual income
  • 80
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Bruno to buy polo shirts, blouses, and sweaters.
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 Bruno. It was first posted on Kiva on Dec, 2012. Learn More