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Anonymous

Update on Anonymous

Edmundo continues to dedicate himself to his rotisserie chicken business. He sells rotisserie chickens with french fries. He works from 8am to 7pm. He has been in this business for many years and it has gone very well for him. His dream is to expand his business. He is seeking a loan to purchase chickens and potatoes. He is grateful for the loan and he is committed to complying with the payment schedule.
View original language description ↓
El socio Edmundo se sigue dedicando al negocio de brosteria,el socio vende pollos a la brasa con papas fritas,el socio trabaja desde las 8:00 a.m hasta las 7:00 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 brosteria.El socio solicita el credito para comprar pollos y papas.

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

Previous Loan Details

Edmundo continues with his business selling Broaster-style chicken. He prepares Broasted chickens with fried potatoes. He works from 8:00 a.m. to 3:00 p.m. and has been in business nine years and does very well. His dream is to expand the Broaster-style chicken shop. He’s asking for the loan to b... More from Anonymous'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

  • $12,000
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped this borrower purchase chickens and potatoes.
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
This photo was used before for a previous loan for Anonymous. It was first posted on Kiva on Sep, 2013. Learn More