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Basilio
This member belongs to the ”HUCHUY QOSQO” communal bank. The communal bank is located in the Lamay district in the province of Calca and department of Cusco.

The member is Señor Basilio; he is 56 years old and married. He has four children, aged 20, 17, 11 and 5 months. The member works for himself, and also works in farming. He has farmland with corn and vegetable crops. The member has a stand where he buys and sells shoes with his wife. They both work selling shoes for women, men and children.

On this occasion, the member wants to invest the loan in purchasing seasonal shoes, as the Christmas holidays are approaching. They will invest a large amount of capital in purchasing merchandise and stocking up for his customers. The member is requesting the loan to invest in purchasing shoes at wholesale.

The member is grateful for the loan and agrees to comply with making his repayments in accordance with the repayment schedule.
View original language description ↓

El socio pertenece al banco comunal ”HUCHUY QOSQO”; El banco comunal se encuentra ubicado en el distrito de Lamay en la provincia de Calca y departamento de Cusco.
El socio es el Sr. Basilio; El socio tiene 56 años de edad, El socio es casado, El socio tiene 4 hijos de 20, 17, 11, 5 meses de edad; el socio trabaja de forma independiente y también en la agricultura, el socio tiene terrenos de cultivos de maíz, hortalizas, el socio tiene su stand de compra y venta de calzados junto con su conyugue, ambos trabajan en la venta de calzado para damas, caballeros y niños, y en esta ocasión el socio desea invertir el préstamo en la compra de calzados de temporada y como se viene las fiestas navideñas ellos invertirán un fuerte capital para comprar mercadería y abastecer a sus clientes. El socio solicita el préstamo para invertir en la compra de calzados al por mayor.

El socio agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

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
  • 111
    View loans »
    Peru Loans Fundraising
  • $54,998,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Basilio to invest in purchasing shoes at wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2011
Listed
Nov 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012