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Ricardo
Ricardo is a member of the "Tercer Milenio" (Third Millennium) community bank which is located in Urubamba district, in Urubamba province, in Cusco department.

Ricardo is 65 years old, married, and has 8 children, 6 of whom still depend on him for their education and food. Ricardo owns a small restaurant called 'El Cienciano' which is located at 360 Jr. Mainique. His wife and children work in the restaurant. Ricardo works in educational administration in Urubamba. He used all his savings to set up the restaurant so that he could provide work for his family and so that they could make some extra income. It has done very well and, with what they save, they are able to buy the products and supplies they need wholesale.

Ricardo is requesting this loan to invest in buying beer and soda wholesale to stock the family business. In this way he hopes to improve sales. He is requesting this loan to buy beer and soda wholesale. He is happy to be receiving the loan and pledges to make his repayments on time.
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El socio pertenece al banco comunal “TERCER MILENIO”; Este banco está ubicado en el distrito de Urubamba, provincia de Urubamba, departamento de Cusco.

El socio es el Sr: Ricardo; El socio tiene 65 años de edad, el socio es casado; el socio tiene 8 hijos de los cuales 6 de ellos aún dependen del socio para los estudios y la alimentación; El socio tiene un pequeño restaurante llamado el Cienciano ubicado en el Jr. Mainique 360; el restaurante del socio es atendido por su esposa y sus hijos, el socio es trabajador en el área administrativa de educación en Urubamba y con todos sus ahorros puso este restaurante para que su familia trabaje y puedan tener otro ingreso extra, les ha ido muy bien y con lo que ahorran pueden comprar al por mayor los productos requeridos por la demanda de insumos, el socio desea el crédito ahora para comprar cerveza y gaseosas al por mayor, para implementar el negocio familiar y de este modo mejorar las ventas. El socio solicita el préstamo para invertir en la compra de cervezas y gaseosas al por mayor.

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
  • 70
    View loans »
    Peru Loans Fundraising
  • $54,533,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Ricardo to buy beer and soda wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2011
Listed
Mar 12, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011