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Santiago Arcadio
Santiago lives and works vive in Camaná, Perú, an oasis in the otherwise long, dry Sechura Desert that dominates the coastline in the Southwestern part of the country. Camaná was historically a major tourist destination in Perú, however, frequent and forceful earthquakes and tsunamis in the last decade (an 8.4 in 2001 and 8.0 in 2007) decimated the city, permanently destroyed Camaná’s tourism industry, and lost many their jobs, livelihoods, and homes. But the one upshot of unemployment is that it creates an environment primed for microfinance. Microfinance allows a jobless entrepreneur to realize their would-be microenterprises, like the one the member is pursuing today.

Santiago is 48 years old and a married man. He has 2 children, both minors. He is a taxi driver and chose this kind of work from vocation as from a young age his father taught him how to drive his car.

Santiago is a determined man, responsible and hardworking with a great desire to take care of his family. Santiago has been a taxi driver since 2005. He earns around S/. 300 nuevos soles (PEN) a week. With the loan of S/. 1500 soles (PEN) which he will receive thanks to KIVA, Santiago will invest this loan in improving his house. Señor Santiago's dream is to have his own car so that in the future he can make a larger income to use on his children's education and give them a better quality of life. Señor Santiago is very grateful for the opportunity he is being given. His advisor thinks he is a good member who will make his repayments on time.
View original language description ↓
Santiago vive y trabaja en Camaná, Perú, an oasis in the otherwise long, dry Sechura Desert that dominates the coastline in the Southwestern part of the country. Camaná was historically a major tourist destination in Perú, however, frequent and forceful earthquakes and tsunamis in the last decade (an 8.4 in 2001 and 8.0 in 2007) decimated the city, permanently destroyed Camaná’s tourism industry, and lost many their jobs, livelihoods, and homes. But the one upshot of unemployment is that it creates an environment primed for microfinance. Microfinance allows a jobless entrepreneur to realize their would-be microenterprises, like the one your client is pursuing today.
Santiago, es un hombre casado de 48 años de edad, tiene 2 hijos menores de edad, el se dedica a brindar servicios de transporte, (taxi) eligio este tipo de trabajo por vocación ya que desde muy joven su Padre le enseño a manejar su automóvil.
Santiago es un hombre empeñoso, responsable y muy trabajador con muchas ganas de sacar adelante a su familia, Santiago brinda este servicios desde el año 2005 , gana semanalmente un promedio de S/ 300 nuevos soles. Con el préstamo de S/. 1500 soles que recibirá gracias a KIVA, Santiago invertirá este crédito para el mejoramiento de su vivienda . El sueño del señor Santiago es tener su propio automóvil para que en un futuro pueda tener mayores ingresos para la educación de sus hijos y para poderle dar una mejor calidad de vida, el señor Santiago esta muy agradecido por la oportunidad que se le esta brindando. su asesor cree que es un buen cliente y que si cumplirá en pagar puntualmente sus cuotas.

Additional Information

About Caja Rural Señor de Luren

Caja Rural Señor de Luren is a microfinance institution based in Ica in southern Peru that primarily promotes the development of the country’s agricultural sector through lending. Today, it also offers credit for consumers, microenterprises and housing improvements, and has expanded its financial services to promote micro-savings and provide micro-insurance. This institution has been instrumental in helping borrowers recover from the devastating earthquake in the Ica region in 2007, and works with Peru’s National Bank to reach some of the poorest and most remote microfinance clients in the country.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Santiago Arcadio to make home improvements (building bedrooms).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 14, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012