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Update on Sabino

The partner continues to work in the business of selling sandals and shoes, he is an independent distributor that sells his second-hand shoes in different locations, he has 8 years in the business and does very well; his dream is to have a store where he can sell more shoes and sandals. He requests a loan to buy shoes and sandals at wholesale prices.

He is grateful for the opportunity provided through this venue and commits to make the loan payments according to schedule.
View original language description ↓
El socio se sigue dedicando al negocio de venta de zapatillas y zapatos,el socio lo distribuye en forma independiente a diferentes lugares donde vende zapatos y zapatillas de segundo uso,el socio ya tiene 8 años en este negocio y le va muy bien,el sueño del socio es tener un local donde pueda vender los zapatos y zapatillas.El socio solicita el credito para comprar zapatos y zapatillas al por mayor.

El socio se encuentra agradecido por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

The partner Sabino is 37 years old, married with two children and belongs to the communal bank “My Peru” of the Arariwa Association. He is a native of the city of the Cusco, living in the same city where he was born. He is a responsible father who helps the family shopping basket and sells slip... More from Sabino'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
  • 41
    View loans »
    Peru Loans Fundraising
  • $64,459,350
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Sabino to buy shoes and sandals at wholesale prices.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 29, 2012
Jan 1, 2013
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Sabino. It was first posted on Kiva on Aug, 2012. Learn More