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Update on Marcos

Sr. Marcos is 44 years old, in a common-law relationship, and has two children. He continues to manage his auto repair business. He fixes different cars and also performs maintenance. Marcos works alone from 8am to 6pm. Through his business, he is able to help his children move forward. Marcos wants to expand and improve his auto repair shop, so he is requesting a loan to buy auto parts and purchase them wholesale.

He is pleased with the loan and promises to complete his payments.

View original language description ↓
El socio es el Sr. Marcos; el tiene 44 años de edad y es conviviente y tiene 2 hijos; el socio se sigue dedicando al negocio de taller de mecanica,el arregla diferentes carros y tambien hace mantenimientos,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,por medio de este negocio el socio saca adelante a sus hijos,el socio quiere ampliar y mejorar el negocio de taller de mecanica .El socio solicita el préstamo para comprar repuestos para los carros y tambien comprar autopartes al por mayor.

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

Previous Loan Details

Marcos, 43, is a member of the “PATRON DE SANTIAGO” communal bank located in Cusco district which is part of Cusco province, Cusco department. He has a live-in partner and two children. His business is a machine shop located in his house. He is an auto mechanic. He is a very enthusiastic pe... More from Marcos'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
  • 109
    View loans »
    Peru Loans Fundraising
  • $61,923,425
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Marcos to purchase auto parts in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 28, 2011
Dec 4, 2011
Currency Exchange Loss:
Apr 15, 2012
This photo was used before for a previous loan for Marcos. It was first posted on Kiva on Dec, 2010. Learn More