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Adrian

Update on Adrian

The member Adrian continues with his sales business and with his business of selling handicrafts. He sells gifts, and ornaments, and he works from 8:00 a.m. to 6:00 p.m. He has various years in this business and it is going very well for him. His dream is to grow his sales business. He is requesting a loan to buy ornaments and stuffed animals.

He is grateful for the loan and promises to pay the instalments.
View original language description ↓
El socio Adrian se sigue dedicando al negocio de bazar y tambien al negocio de venta de artesania, el socio vende regalos y adornos, 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 el va muy bien, el sueño del socio es ampliar el negocio de venta de bazar. El socio solicita el credito para comprar adornos y peluches.

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

Previous Loan Details

Adrian continues with his business selling in his store. He has been doing this for years. The business gives him satisfaction both personally and in question of revenue. He also continues in his handicraft business. Adrian is a responsible person and in this way he gets his family ahead. He is… More from Adrian'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

  • $6,715
    Average annual income
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,959,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Adrian to buy ornaments and stuffed animals.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
Jun 5, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014