Update on GuillermoGuillermo belongs to the "Maquimanta Purisun" communal bank. The bank is located in the district, province, and department of Cusco.
Guillermo continues with his work in the education sector. He hopes to keep working so he can continue to support his family. He has been doing this job for a long time, which brings both personal and financial satisfaction.
Guillermo is requesting a loan to buy groceries and make some improvements to his house. He is grateful for this loan and he promises to make his installment payments.
El socio es el Sr. Guillermo; el socio sigue dedicándose a trabajar en el sector educación el socio desea poder seguir trabajando para de esta manera pueda continuar apoyando a su familia, el socio lleva buen tiempo dedicándose a su trabajo el cual le trae satisfacciones tanto económicas como personales.
El socio solicita el préstamo para la compra de víveres y algunos arreglos para su casa.
El socio se siente agradecido por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsThe lending club member belongs to the bank "Maquimanta Purisun", located in the district, province and department of Cusco. His name is Guillermo and he continues his work in the education sector. He has been doing this for a long time and it's going well thanks to the dedication that he put... More from Guillermo'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