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Update on Hernan

This member continues in his business selling bread. He bakes bread which he then sells as an itinerant street vendor. He works from 7.00am to 6.00pm and, through this business, he provides for his children. The member's dream is to have business premises from which to sell his bread. He is requesting this loan to buy supplies for preparing his bread such as sugar, milk, butter and eggs.

The member is happy to be receiving his loan and pledges to make his repayments on time.
View original language description ↓
El socio se sigue dedicando al negocio de venta de pan,el socio elabora los panes y luego lo vende en forma ambulatoria,el socio trabaja desde las 7:00 a.m hasta als 6:00 p.m,por medio de este negocio el socio saca adelante a sus hijos,el sueño del socio es tener un local donde pueda vender los panes.El socio solicita el credito para comprar insumos para preparar los panes como azucar,leche,mantequilla y huevos.

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

Previous Loan Details

Hernán is a member of the "Qori Orcco" community bank which is located in Urcos district, in Quispicanchi province, in Cusco department. Hernán is 38 years old and lives with his partner and four children. He divides his time between his daily activities and his business selling bread. He ma... More from Hernan'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
  • 86
    View loans »
    Peru Loans Fundraising
  • $61,829,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Hernan to buy supplies for making bread such as sugar, milk, butter and eggs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 14, 2012
Jun 24, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Hernan. It was first posted on Kiva on Jan, 2011. Learn More