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Mario

Update on Mario

Mario continues to work independently. He is at the wheel of his vehicle as he continues to provide taxi service. He continues to support his children’s education and everything having to do with the household and the house.

At this time he wishes to use the loan for maintenance on his taxi.
View original language description ↓

El socio Mario; continua con su trabajo independiente y esta al volante de su unidad vehicular y continua prestando el servico de taxi; el socio sigue adelante apoyando en los estudios de sus hijos y en todo lo referente al hogar y vivienda, el socio en esta ocasión desea invertir el prestamo en el mantenimiento de sus unidad vehicular.

Previous Loan Details

Mario, 52, is a member of the SOL Y LUNA” (Sun & Moon) communal bank that’s located in Cusco District which is in Cusco Province, Cusco Department. He is separated and has three children. He has a car that he uses to provide taxi services all day Monday through Sunday. His schedule can vary a... More from Mario'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
  • 119
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Mario to perform maintenance on his taxi.
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 Mario. It was first posted on Kiva on Apr, 2011. Learn More