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Anonymous
This borrower is a member of the "SEÑOR DE TORRECHAYOC” community bank which is located in Urubamba district, in Urubamba province, in Cusco department.

The borrower is 62 years old, married, and has four children. He divides his time between his daily activities and his grocery store business. He sells basic household products such as rice, sugar, milk, oil, etc. He works from 5.00am to 7.00pm and, through this business, he gets his children ahead in life. He would like to expand his grocery store business and is requesting this loan to buy products to stock his store.

The borrower is happy to be receiving a loan and pledges to make his repayments on time.
View original language description ↓
El socio pertenece al banco comunal “SEÑOR DE TORRECHAYOC”; El banco está ubicado en el distrito de Urubamba, perteneciente a la provincia de Urubamba y departamento de Cusco.

El socio tiene 62 años de edad y es casado y tiene 4 hijos; El socio alterna sus actividades diarias con el negocio de tienda de abarrotes, el productos de primera necesidad como arroz, azúcar, leche, aceite entre otros productos, la socia trabaja desde las 5:00 a.m hasta las 7:00 p.m, por medio de este negocio el socio saca adelante a sus hijos, el socio quiere ampliar le negocio de tienda de abarrotes. El socio solicita el préstamo para comprar productos para implementar la tienda de abarrotes.

El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

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
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped this borrower to buy products to stock his grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012