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Victor

Update on Victor

Victor continues to make a living raising livestock. He has been working in this field for many years now and his business has gone well for him thanks to the determination he brings to his work every day. Victor is also still working in construction for the projects that request his services.

Victor hopes to be able to continue working this way to support his family. He is requesting a loan to fix his stable. Victor is happy to have this loan and pledges to make the repayments as scheduled.
View original language description ↓
El socio continua dedicándose a la ganaderia,el socio lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, él socio a la vez continua trabajando como albañil en las distintas obras que solicitan sus servicios, el socio desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
El socio solicita el crédito para arreglar su establo.
El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member continues making a living in livestock. He fattens the cattle and then sells them at various fairs. He also works as a bricklayer and it's going very well for him. His dream is to build a bigger stable for his cattle. He's requesting the loan to buy cattle and feed for the cows... More from Victor'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
  • 110
    View loans »
    Peru Loans Fundraising
  • $56,097,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Victor to fix his stable.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2014
Listed
Aug 1, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2015
This photo was used before for a previous loan for Victor. It was first posted on Kiva on Mar, 2013. Learn More