Update on Jorge GerardoJorge is continuing his business of selling laptops to various customers that ask him for one and at the same time continues working for a private financial accounting business, which is going well thanks to the effort he puts into his work.
He is a responsible person and persevering. He wishes to be able to continue working and in this way support his family.
He seeks a loan to buy a laptop computer. He is grateful for the granted loan and promises to make his loan payments.
El socio es el Sr. Jorge ; el socio sigue dedicándose al negocio de venta de laptops para los distintos clientes que le solicitan y a la vez continua trabajando para una institución privada de asesor financiero,el cual le va bien gracias al empeño que le pone a su trabajo, él socio es una persona responsable y empeñoso, él socio desea poder seguir trabajando para de esta forma seguir apoyando su familia.
El socio solicita el préstamo para comprar una laptop.
El socio se siente agradecido por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsJorge continues selling laptops. He’s been in this business a good length of time and does well thanks to the effort he puts into it. At the same time, he’s employed as a financial consultant in a private firm. This is how he gets ahead. He’s a responsible, hardworking person who very much… More from Jorge Gerardo'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
- 6 months (Additional Information)
- Repayment Schedule
- Mar 17, 2014
- Apr 24, 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.