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Update on Rosendo

This member still sells grains, beans and vegetables. He sells wheat, barley, potatoes, corn, tomatoes, carrots, onions, pumpkins, and lettuce. He works independently, taking his products to the city of Puerto Maldonado. Through this business he has been able to provide for his children. He wants to expand his business selling grains, beans and vegetables. He will use the loan to buy vegetables, grains and beans wholesale.
View original language description ↓
El socio se sigue dedicando al negocio de venta de cereales,menestras y verduras,el socio vende trigo,cebada,papa,maiz,tomates,zanahorias,cebollas,zapallo y lechugas,el socio trabaja independientemente llevando los productos a la ciudad de Puerto Maldonado,por medio de este negocio el socio saca adelante a sus hijos,el socio quiere ampliar el negocio de venta de cereales,menestras y verduras.El socio solicita el creditoa para comprar verduras,cereales y menestras al por mayor.

Previous Loan Details

The Community Bank "Vamos Juntas" ("We Come Together") meets monthly in the city of Cusco. Cusco is known for being a popular tourist area, a business center, and for its traditional festival of Inti Raymi and because it is the location of Machu Picchu, one of the seven new wonders of the world.... More from Rosendo'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.

About Peru

  • $12,000
    Average annual income
  • 43
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Rosendo purchase grains, beans and vegetables wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 23, 2011
Nov 28, 2011
Currency Exchange Loss:
Apr 15, 2012
This photo was used before for a previous loan for Rosendo. It was first posted on Kiva on Aug, 2011. Learn More