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Hugo
Hugo is a member of the "Nueva Victoria - Chinchero" community bank which is located in Chinchero district, in Urubamba province, in Cusco department.

Hugo is 36 years old, single, and has three children aged 12, 10, 1 and 8 months. His main business activity is farming. In 2008 he decided to start work transporting tourists since Chinchero is an area that receives a lot of tourists from all parts of the world. Hugo worked hard to afford his vehicle and obtain his license to drive and provide tourist transport services. He is a part of the Sayhua Tours transport company that transports tourists from Cusco and the whole 'Valle Sagrado' (Sacred Valley). Hugo also supports his wife in making and producing handicrafts.

On this occasion, Hugo tells us that he would like to have some maintenance work done on his vehicle and sell it. He needs this loan to increase the capital that he will make from the sale of his vehicle. He is requesting this loan to buy a new car.

Hugo is happy to be receiving this loan and pledges to make his repayments on time.
View original language description ↓

El socio pertenece al banco comunal “NUEVA VICTORIA - CHINCHERO”; Este banco está ubicado en el distrito de Chinchero, provincia de Urubamba, Departamento de Cusco.

El socio es el Sr: Hugo; El socio tiene 36 años de edad, el socio es soltero; el socio tiene 3 hijos; (12,10,1 año y 8 meses) de edad, el socio tiene como principal actividad la agricultura, a esto el socio a decidido trabajar desde el 2008 en transporte turístico, debido a que Chinchero es una zona altamente visitada por turistas de todas partes del mundo, el socio ha hecho mucho esfuerzo para poder obtener su unidad vehicular y sacar su licencia para conducir en el servicio turístico y brindar transporte, el socio también se ha integrado a la empresa de transportes Sayhua tours que recoge turistas desde Cusco y todo el valle sagrado. El socio apoya a su conyugue en la elaboración y producción de la artesanía, el socio en esta ocasión nos comenta que él quiere hacerle el mantenimiento respectivo a su vehículo y venderlo, el requiere este crédito para poder aumentar al capital que genere la venta de su vehículo. El socio solicita el préstamo para comprar un nuevo carro.

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
  • 85
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Hugo to buy a new car.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2011
Listed
Mar 9, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011