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Update on Alejandro

Our associate is Alejandro. He belongs to the community bank "Los Lideres" (The Leaders) of the city of Cusco, Peru. He continues to work at his business selling basic foods in his general store. For this reason, he will invest the loan in buying products like rice, sugar, milk, and drinks, amongst other products.

Alejandro is very grateful to KIVA for allowing him to continue with his activity and for supporting him and his family. He is thankful for the loan and promises to make his payments according to the payment schedule.
View original language description ↓
Nuestro socio es el señor Alejandro, él pertenece al banco comunal “Los Lideres” de la ciudad del Cusco - Perú, nuestro socio sigue dedicándose al negocio de expendio de alimentos de primera necesidad en su tienda de abarrotes, por ello invertirá el préstamo solicitado para comprar productos como arroz, azúcar, leche, y bebidas entre otros productos.
Alejandro está muy agradecido con KIVA por permitirle mantenerse en su actividad y por apoyarlo con su familia.
El socio agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

Previous Loan Details

For the past three years Alejandro, a 79-year-old married father of seven, has owned his own small grocery store which sells a variety of products. His dream is to improve his grocery store by offering an even larger variety of goods. A hardworking man committed to making all of the necessary pay... More from Alejandro'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
  • 79
    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 $475 helped Alejandro to buy rice, sugar, milk, and drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 13, 2012
Jul 21, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Alejandro. It was first posted on Kiva on Jul, 2011. Learn More