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Antonio Abad
Antonio is a member of the Communal Bank “Nueva Victoria – Chinchero”, which is located in the District of Chinchero in Urubamba Province, Department of Cusco, and lies 45 minutes outside of the city.

He is 55 years old, married, and has four children. Antonio is an artisan and also works with his wife selling looms. In addition, his wife makes hand woven sashes out of sheep’s wool as well as ponchos, blankets, caps, and gloves for sale. He is requesting a loan to buy sheep’s wool for producing more woven products.

Antonio is grateful for the loan that has been provided and promises to complete his payments on time.
View original language description ↓

El socio pertenece al banco comunal “NUEVA VICTORIA - CHINCHERO”; Este banco está situado en el distrito de Chinchero, perteneciente a la provincia de Urubamba y departamento de Cusco; situado a 45 minutos de la ciudad.

El socio Antonio; tiene 55 años de edad y el socio es casado y tiene 4, el socio trabaja en artesanía el junto a su esposa se dedican a vender telares, la esposa teje a mano correas de lana de oveja, también ponchos, mantas, gorros y guantes para la venta. El socio solicita el préstamo para invertir en la compra de lana para realizar trabajos en tela de oveja.

El socio agradece el préstamo mediante este medio y del mismo modo 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

  • $12,000
    Average annual income
  • 93
    View loans »
    Peru Loans Fundraising
  • $57,986,025
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Antonio Abad purchase sheep's wool.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011