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Migdonio is a policeman in Quispancanchis. He and his wife plan to start a side business renting cars. He will use this loan to buy and fix up a vehicle to rent for 150 nuevo sol per day.

Migdonio is 41 years old and is married with three children – 11, 5 and a 1-year-old baby. He is a client of Asociación Arariwa and part of a communal bank consisting of 26 members in Cusco. The group is called "El Amanecer", which means "Daybreak" in Spanish. He is from Convención and lives in Cusco.

Migdonio appreciates, and thanks you for, the loan and promises to make the monthly payments on time.

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).

About Peru

  • $12,000
    Average annual income
  • 178
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Migdonio to buy and renovate a vehicle to rent.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 28, 2009
Oct 30, 2009
Currency Exchange Loss:
Mar 15, 2010