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Agusto
Agusto is part of the “AHORRO ES PROGRESO CHOQUETATA – TIPON” communal bank, located in the Tipon district and within the province and department of Cusco.

Agusto is 49 years old, in a cohabiting relationship, and has three children. He buys and sells cars at the border, with his own capital, and imports them to Tipon to sell to his friends and to others.

He helps his partner in her restaurant on the weekends and saves what he earns there, so that he will be able to provide for a good education for his children.

He is asking for this loan so that he can buy a car that was requested of him. He is getting ready to travel to the Chile-Peru border to bring it.

He is grateful for this loan and is committed to making his payments on schedule.
View original language description ↓


El socio pertenece al banco comunal “AHORRO ES PROGRESO CHOQUETATA – TIPON”; Este banco está ubicado en el distrito de Tipon en la provincia y departamento de Cusco.

El socio es el Sr: Agusto; El socio tiene 49 años de edad, es conviviente; el socio tiene 3 hijos, el socio se dedica a la compra y venta de autos, el socio compra con un capital que lo tiene trabajando durante años y compra autos de la frontera de segunda y los trae a su natal Tipon a vender a sus amigos y otros, el socio apoya a su conyugue en su restaurante los fines de semana y de este modo todo lo que ingresa se sigue ahorrando para poder dar la mejor educación a sus hijos, el socio desea el crédito para poder aumentar a su capital para la compra de otro vehículo que le pidieron y esta a puertas de viajar a la frontera entre Perú y Chile para traer el vehículo. El socio solicita el préstamo para aumentar a su capital y adquirir un auto para la venta.

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

  • $6,715
    Average annual income
  • 65
    View loans »
    Peru Loans Fundraising
  • $53,992,750
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Agusto buy a car for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2011
Listed
Jan 14, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011