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Hector

Update on Hector

The member continues working in the transport business. He has a car that he uses in the transport service. The member works from 8:00AM until 7:00PM. Through this business he is supporting his children.

The dream of the member is to have a new car.

The member is asking for a loan in order to buy spare parts and tires for his car.

The member is happy for the loan and he promises to make his payments according to schedule.
View original language description ↓
El socio se sigue dedicando al negocio de transporte,el tiene un carro que hace servicio de transporte,el socio trabaja desde las 8:00 a.m hasta las 7:00 p.m,por medio de este negocio el socio quiere salir adelante a sus hijos,el sueño del socio es tener un carro nuevo.El socio solicita el préstamo para comprar repuestos y llantas para su carro.
El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This member belongs to the communal bank "SOLIDARIDAD-CACHIMAYO" which is located in the Cachimayo district in the province of Urubamba and the Department of Cusco. Hector, the member, is 29 years old, he is married and he has two children aged 8 and 3 years old. The member is a driver and he ... More from Hector's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $12,000
    Average annual income
  • 89
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Hector to buy spare parts and tires for his car.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Jan 18, 2012
Currency Exchange Loss:
Covered
Ended:
May 15, 2012
This photo was used before for a previous loan for Hector. It was first posted on Kiva on Sep, 2011. Learn More