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Update on Ramiro

This member and his wife continue running his grocery business. He also works as a taxi driver along the route to Anta. Together they move their children ahead in life through these businesses. He wants to expand and improve the grocery store and taxi businesses. He is asking for this loan in order to buy products such as rice, sugar, milk, and cooking oil in quantity, in order to stock his store.

He is grateful for the loan and has promised to make his payments on time.
View original language description ↓
El socio sigue teniendo su negocio de tienda de abarrotes que junto a su esposa trabajan en este negocio y tambien sigue trabajando como chofer en el servicio de taxi que hace la ruta hacia el distrito de Anta,el socio por medio de estos trabajos la socia saca adelante a sus hijos,el socio quiere ampliar y mejorar el negocio de tienda de abarrotes y negocio de servicio de taxi.El socio solicita el credito para comprar productos como arroz,azucar,leche,aceite al por mayor para implementar su tienda de abarrotes.

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

Previous Loan Details

This member belongs to the community bank "Virgen del Rosario de San Sebastian", located in the district of Huanchac in the province and region of Cusco. His name is Ramiro. He is 42 years old and he lives together with his partner. He has three children. He is a driver in the municipality of... More from Ramiro'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
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Ramiro el socio solicita el credito para comprar productos como arroz,azucar,leche,aceite al por mayor para implementar su tienda de abarrotes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 25, 2011
Nov 28, 2011
Currency Exchange Loss:
Apr 15, 2012
This photo was used before for a previous loan for Ramiro. It was first posted on Kiva on Dec, 2010. Learn More