Update on AnonymousThe member continues to make a living by providing a taxi service. He has been doing his job for a long time and it is going well thanks to the effort he puts into his business each day. He works every day transporting his passengers to the different places that they request. He wants to be able to carry on working in order to continue supporting his family. He is requesting this loan to purchase tyres for his car. The member is happy to be receiving his loan and pledges to make his repayments on time.
El socio solicita el crédito para la compra de llantas para su carro.
El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThis member is 55 years old, married, and has two children. He continues working in his transport business. He owns a taxi and provides a public transport service. He works from 7.00am to 10.00pm in the different streets of the city of Cusco. Through this work he provides for his children. The… More from Anonymous'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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