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Nazario

Update on Nazario

The borrower continues offering a taxi service, and has been in this business for many years and is doing well thanks to the effort that he puts into his business each day. At the same time he continues buying and selling wood. He wants to be able to continue working as this is the way he supports his family.

He is asking for a loan in order to maintain his car. He feels grateful for the granted loan and agrees to complete his payments as established.
View original language description ↓
El socio continua dedicándose a brindar el servicio de transporte, él socio lleva años dedicándose a su negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, él socio a la vez continua dedicándose al negocio de compra y venta de madera, él socio desea poder seguir trabajando para de esta manera seguir apoyando a su familia.
El socio solicita el crédito para realizar el mantenimiento de su carro.

El socio se siente agradecido por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Nazario continues to work providing taxi services on various streets, as well as buying and selling wood. He has had these small businesses for several years. His dream is to have a new car. He is applying for this loan to buy tires. He feels grateful for this loan and he is committed to paying… More from Nazario's previous loan »

Additional Information

More information about this loan


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
  • 72
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Nazario to maintain his car that he uses in his taxi service.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014