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Update on Julio

The member continues in the restaurant business; he makes breakfasts, lunches and dinners from 8am until 9pm. Thanks to this business he’s able to support his son. His dream is to enlarge the restaurant. He’s asking for the loan to buy products to cook like meat, chicken and vegetables at wholesale. He’s happy about the loan and commits to continue making his installment payments.
View original language description ↓
El socio se sigue dedicando al negocio de restaurant,el socio prepara desayunos,alnuerzos y cenas,el socio atiende desde las 8:00 a.m hasta las 9:00 p.m,por medio de este negocio el socio saca adelante a sus hijo,el sueño del socio es ampliar el negocio de restaurant.El socio solicita el préstamo para comprar productos para cocinar como carne,pollo y verduras al por mayor.
El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Julio was born in the district of Santiago in the city of Cusco. He is 32 years old, married and has a son. Julio lives with his family in his own house which has all the basic utilities (running water, electricity and a sewage system) and is located in the department of Cusco. This area is ch... More from Julio'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
  • 44
    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 $750 helped Julio to buy ingredients to cook like meat, chicken and vegetables at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 9, 2012
Jan 26, 2012
Currency Exchange Loss:
Jun 15, 2012
This photo was used before for a previous loan for Julio. It was first posted on Kiva on Jun, 2011. Learn More