Update on WalterWalter continues working with livestock. He is a responsible and determined person. He is still raising his animals and selling them to his clients who demand them. Walter feels grateful for the loan and promises to pay his installments as established. He wants to keep working in this manner so he can support his family. He is requesting the loan to fix his cow shed.
El socio sigue dedicándose a la ganaderia,el socio es una persona responsable y empeñoso, el socio continua criando a sus animales para luego venderlos a sus clientes que le solicitan, el socio se siente agradecido por el crédito otorgad y se compromete a cumplir con sus cuotas establecidas, él socio desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
El socio solicita el crédito para arreglar su establo.
Previous Loan DetailsThe partner continues working in the business of livestock. He raises his livestock to then sell them to customers who request them. He has worked years in this business in which he does well thanks to the dedication he applies to his work every day. He is a responsible person, and in this way he... More from Walter's previous loan »
More information about this 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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- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jul 11, 2014
- Aug 1, 2014
- Currency Exchange Loss:
- Feb 21, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.