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Update on Victor

This member is Victor. He continues working as an elementary school teacher. He is also planning to set up his own business in his home. In order to do this, he would like to have some capital which will allow him to set up his business. For now, he continues repairing his home and would like this loan to finish the refurbishing and improvement of his home.
View original language description ↓
El socio es el Sr. Victor; El socio continua con su trabajo como docente en el nivel primario y alternando a esto el socio esta planeando poner una empresa propia en casa y para ello desea tener un capital que le permita montar su empresa por ahora el socio continua con el termino de arreglos de vivienda para lo cual desea el prestamo para concluir con el revestimiento y mejoramiento de sus vivienda.

Previous Loan Details

The member belongs to the Qorimancacha communal bank, located in the Cusco district in the province of Cusco and the department of Cusco. The member is Víctor, 50, who is married with one child. He alternates his daily activities with his job as an elementary school teacher, working from 8 a.... More from Victor'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $12,000
    Average annual income
  • 37
    View loans »
    Peru Loans Fundraising
  • $64,381,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Victor to refurbish and improve his house.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 23, 2011
Jan 15, 2012
Currency Exchange Loss:
May 15, 2012