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Update on Walter

Walter works at a workshop making doors, windows, and stairs. He works with metals. He works from 8:00am until 6:00pm. He has worked at this metal shop for seven years. His dream is to expand the shop.

He is asking for this loan to purchase metals and tools. He is happy with the loan and promises to make his payments on time.
View original language description ↓
El socio se dedica al negocio de taller de mecanica como puertas,ventanas y escaleras,la socia hace trabajos de metales,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,el socio ya tiene 7 años en este negocio de taller metalico,el sueño del socio es ampliar el negocio de taller de mecanica.El socio solicita el credito para comprar metales y herramientas.

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

Previous Loan Details

Walter is 30 years old and single. He has his own carpentry business, specializing in metal. He has been doing this sort of work for about 4 years. Walter is asking for a 1,000 dollar loan in order to buy more materials for his business. Specifically, he plans to purchase more machinery and b... More from Walter'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
  • 45
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Walter to purchase metals and tools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 20, 2012
Aug 25, 2012
Currency Exchange Loss:
Dec 15, 2012