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Luis Alberto

Update on Luis Alberto

Luis Alberto manages his business of selling natural products. He works from 8:00 A.M. to 5:00 P.M. Luis already has four years of experience in this business and is doing very well. His dream is to expand his business of selling natural products.

Luis Alberto is requesting a loan in order to buy natural products, such as plants and herbs. He is pleased with the loan and promises to complete his payments.
View original language description ↓
El socio Luis Alberto se dedica al negocio de venta de productos naturales,el socio trabaja desde las 8:00 a.m hasta las 5:00 p.m,el socio ya tiene 4 años en este negocio y le va muy bien, el sueño del socio es ampliar el negocio de venta de productos naturales. El socio solicita el crédito para comprar productos naturales como plantas y hierbas.

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

Previous Loan Details

Luis Alberto was born in Cusco Department and still lives in the city of his birth. He’s 46-years-old, married and has two children. His main economic activity is selling alternative or natural remedies. He’s been in this business for several years now and does very well. On this occasion, Lu... More from Luis Alberto'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
  • 115
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Luis Alberto to buy natural products, such as plants and herbs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2014
Listed
Jul 16, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Luis Alberto. It was first posted on Kiva on Jul, 2012. Learn More