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Update on Sergio

The member, Sergio, belongs to Virgen del Carmen de Yucaypata Communal Bank. He continues making a living in construction, working on various jobs that request his services, both in town and outside. He works on his own and has been doing this job for years. It's going well for him because of the effort he puts into his job every day. He's a responsible and hardworking person, which is how he gets his family ahead.

He's requesting the loan to buy some tools he needs such as saws and trowels.

He's grateful for the loan and pledges to be disciplined in making his payments.
View original language description ↓
El socio pertenece al banco “VIRGEN DEL CARMEN DE YUNCAYPATA”; el socio Sergio continua dedicandose a su trabajo de construccion ,el socio trabaja para las distintas obras que solicitan sus servicios dentro del poblado y fuera tambien,el socio trabaja de forma independiente ,el socio lleva años dedicandose a este trabajo el cual le va bien gracias al empeño que le pone cada dia a su trabajo,el socio es una persona responsable y empeñosa siendo de esta forma que el socio saca adelante a su familia.

El socio solicita el credito para la compra de algunas herramientas que necesita como cierras y badilejos.

El socio agradece el préstamo y se compromete a cumplir disciplinadamente con el pago de sus cuotas.

Previous Loan Details

This member belongs to the “VIRGEN DEL CARMEN DE YUNCAYPATA” bank. This friendly bank is located 30 minutes from the city of Cusco in the village called Yuncaypata. This is a typical small village, in that it conserves its pure Andean heritage and they live together as a community, helping each... More from Sergio'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
  • 36
    View loans »
    Peru Loans Fundraising
  • $64,488,800
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Sergio to buy tools such as saws and trowels.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 13, 2012
Oct 14, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Sergio. It was first posted on Kiva on Sep, 2011. Learn More