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Uldarico
This borrower is a member of the "Qorichuspa" communal bank, a group that is located in the Huanchac district of the province and department of Cusco.

This borrower is Mr. Uldarico, who is 62 years old. He is married and has seven children. He sews costumes for every occasion, as well as seat cushions, bed covers, and other items. He makes these in his spare time, as he also works in the telephone business. He is on the verge of retiring and then he will fully dedicate himself to his home business.

At the moment, he would like a loan to buy fabric and ribbon to make Santa Claus costumes, in order to bring in some extra income in this season. He is requesting this loan to capitalize on the Christmas celebrations by making Santa Claus costumes.

Mr. Uldarico is happy to receive this loan and he promises to comply with his repayments according to the established terms.
View original language description ↓

El socio pertenece al banco comunal “QORICHUSPA”; Este banco está ubicado en el distrito de Huanchac en la provincia y departamento de Cusco.

El socio es la Sr: Uldarico; el tiene 62 años. La socia es casado y tiene 7 hijos el socio se dedica a la confección de disfraces para toda ocasión, cojines para sillones, fundas de cama y otros, el socio realiza estas, tareas en sus ratos libres el trabaja en la telefónica, el socio está a punto de jubilarse y luego se dedicará a trabajar íntegramente en su negocio casero, el ahora desea el préstamo para comprar telas, cintas y realizar algunos Santa Claus para la venta en esta época y de este modo tener un ingreso extra. El socio solicita el préstamo para realizar Santa Claus y aprovechar las fiestas navideñas.

El socio está feliz con el préstamo otorgado y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

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
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Uldarico to sew Santa Claus costumes and take advantage of the Christmas season to bring in some extra income.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2010
Listed
Dec 16, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011