Update on CelestinoCelestino lives in the community of Mojopata and continues to work in agriculture. He has several plots of land on which he grows apples, peaches, quinces, and other products. Celestino has been in this business for several years and has done very well thanks to the effort he puts into his work. He is a member of the Communal Bank “Sol Naciente de Mojopata”.
Celestino is taking this opportunity to request a loan in order to buy seeds and fertilizers. He appreciates and values the loan, so he promises to handle his monthly payments with great responsibility.
The community of Mojopata is located in the District of Challabamba, Paucartambo Province, Cusco, Peru.
Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales con mucha responsabilidad. (La comunidad Mojopata está ubicado en distrito de la Challabamba de la provincia de Paucartambo, Cusco, Perú).
Previous Loan DetailsCelestino says that his previous loan made him happy, because it helped him a lot with his business and it turned out very well for him. He continues to live in the community of Mojopata and to work in agriculture. Celestino has various fields under cultivation, where he grows apples, peaches, qu... More from Celestino's previous loan »
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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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