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Raul
Raúl belongs to the community bank, "Señor de Ccoyllority Yungaqui". He lives in the district of Huanchac in the province of and department of Cusco.

Raúl is 34 years old and lives with his partner. He started higher education but was not able to finish because he had to assume the expenses of his new home. Raúl is a native of the community of Yungaqui. He used to dedicate himself to buying and selling posts. However, he was able to save and improve his business. He now buys and sells used cars. Raúl is requesting this loan to increase his working capital and buy a used car so that he can sell it to a taxi driver.

Raúl values and is infinitely grateful for the credit offered to him since it helps him to grow his business and improve his quality of life. Likewise, he promises to pay back the installments according to the timetable stipulated.
View original language description ↓
El socio pertenece al banco comunal “SEÑOR DE CCOYLLORITY YUNGAQUI”; El socio vive en el distrito de Huanchac en la provincia y departamento de Cusco.

El socio es el Sr. Raúl; el tiene 34 años de edad y El socio es conviviente, estudió la superior incompleta, debido a que debido asumir los gastos económicos de su nuevo hogar, él socio es natural de la comunidad de yungaqui. El socio se dedicaba antes a la compra y venta de palos ahora a él le va mejor el pudo ahorrar y cambio de negocio. Él ahora compra y vende autos de segunda mano. El socio solicita el préstamo para aumentar su capital de trabajo y comprar un auto de segunda para venderlo a un taxista.

El socio valora y agradece infinitamente el crédito otorgado ya que este le permite crecer con su negocio y mejorar su calidad de vida, así mismo se compromete a cumplir con el pago de sus cuotas en el plazo estipulado.

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

  • $6,715
    Average annual income
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,963,825
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Raul to buy a used car to sell to a taxi driver.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011