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Sabino

Update on Sabino

This member is Sabino. He alternates his daily tasks by providing an urban transportation service. He has his own little car with which he works everyday. Being that in this way he helps his family get ahead, he needs to do routine maintenance every so often on his car, so that he can continue working. This member is a very happy and responsible person.

He requests the loan to provide maintenance on his car, like for example, changing the oil.
View original language description ↓
El socio es el Sr. Sabino;El socio alterna sus actividades diarias brindando el servico de transporte urbano el cuenta con su propio carrito con el cual trabaja todos los dias ,siendo de esta manera que el socio saca adelante a su familia,el socio necesita hacer el mantenimiento cada cierto tiempo a su carro para que asi el pueda continuar trabajando,el socio es una persona bien alegre y responsable.

El socio solicita el préstamo para hacer el mantenimiento de su carro como por ejemplo hacer el cambio de aceite.

Previous Loan Details

Sabino, 37, belongs to the “Mujeres en Accion” (Women in Action) communal bank located in Anta District that belongs to Anta Province and Cusco Department. He has a spouse and three children. He alternates his daily chores with providing transportation services. He provides urban public tran... More from Sabino'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

  • $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 Sabino to do maintenance on his car, like for example, changing the oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 27, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Sabino. It was first posted on Kiva on Jul, 2011. Learn More