Update on RubenRuben belongs to the Mujeres Emprendedoras communal bank in the city of Cusco, Perú. He continues to work as a travel agent, he sells different types of tour packages such as to Sacred Valley, City Tours, Machu Picchu and others.
Ruben has been in this business for years and he does well thanks to the effort he puts into his business each day, he is responsible and hardworking, this allows him to get his family ahead.
He requested the loan to buy touristic tickets for his business.
He is grateful for the loan, and he pledges to make his payments according to schedule.
El socio continua con su negocio de agencia de viajes,el socio vende diferentes tipos de paquetes turisticos como tours al Valle Sagrado,City Tours,Machupiucchu entre otros,el socio lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio ,el socio es una persona responsable y empeñosa siendo de esta forma que el socio saca adelante a su familia.
EL socio solicito el credito para la compra de boletos turisticos para su negocio.
El socio se siente agradecido por el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsRuben belongs to the Mujeres Emprendedoras communal bank in the city of Cusco, Perú. He continues working as a tourist agent and selling tour packages. This activity allows him to get his family ahead. Therefore, he will use the requested loan to upgrade his agency. He bought furnishings like... More from Ruben's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Nov 6, 2012
- Dec 6, 2012
- Currency Exchange Loss:
- Apr 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.