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Update on Efrain

Efraín belongs to the “Ricchary Runa” communal bank in the city of Cusco, Peru. He continues working in animal husbandry. He’s been in this business for years and does well thanks to the effort he puts into it every day. He’s a responsible, enterprising person who supports his family this way. He requests the loan to buy manure and to pay a few personal expenses. He is grateful for the loan and commits to make his payments as scheduled.
View original language description ↓
El socio Efrain pertenece al banco comunal “Ricchary Runa” de la ciudad del Cusco - Perú.

El socio continua dedicandose a la ganaderia,el socio lleva años en esta actividad el cual le va bien gracias al empeño que le pone cada dia a su negocio,el socio es una persona resposanble y empeñoso siendo de esta forma que el socio saca adelante a su familia.

El socio solicita el credito para la compra abono y para algunos gastos personales.

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

This communal bank member is Señor Efrain. He belongs to the communal bank "Ricchary Runa" in the city of Cusco, Peru. He continues with his livestock business, which he has had for a long time and with which he has been able to support his family and develop. That is why he will invest the loan ... More from Efrain'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
  • 88
    View loans »
    Peru Loans Fundraising
  • $63,796,050
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Efrain to buy manure and to pay some personal expenses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 15, 2012
Dec 10, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Efrain. It was first posted on Kiva on Jul, 2012. Learn More