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Washington

Update on Washington

This communal bank member continues working in his restaurant business. He has worked for quite some time in this business, which is going well for him thanks to the effort that he puts into it every day. He is a responsible and committed person. He wants to be able to continue working in this way to continue supporting his family.

He is applying for the loan to purchase supplies such as rice and oil, among other items.

He feels grateful for the loan granted to him, and he promises to make his payments.
View original language description ↓

El socio continua dedicándose a su negocio de restaurant, él socio lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, el socio es una persona responsable y empeñosa ,el socio desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
El socio solicito el crédito para la compra de insumos como arroz, aceité entre otros.
El socio se siente agradecido por el crédito otorgado y se compromete a cumplir con los pagos de las cuotas.

Previous Loan Details

Washington is 63, married, and has two children. He is still working in his restaurant with his wife, where they are also now serving salchipapas (a sausage-based dish with potatoes). He works from 10:00 am to 8:00 pm, and this is how he gets his children ahead. He wants to expand and improve his... More from Washington'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
  • 86
    View loans »
    Peru Loans Fundraising
  • $55,984,075
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Washington to buy supplies such as rice and oil, among other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Apr 20, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014