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Miguel Angel
Miguel Angel is requesting a loan to purchase corrugated iron to make a new roof for his house. He has been working with Asociacón Arariwa for three years, and earns a living as a taxi driver in Cusco. He just bought his own car in the past year. Prior to that, he rented a vehicle. His typical work day starts at 8 a.m. and ends at 8 p.m. Miguel Angel is 45 years old and has three children who are 14, 17, and 20 years old. One day he hopes to own his own business specializing in craft work.

Miguel Angel is a member of the village bank “Cusco Sur” which is receiving its 16th loan from Asociación Arariwa.

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 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

  • $6,715
    Average annual income
  • 125
    View loans »
    Peru Loans Fundraising
  • $56,161,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Miguel Angel buy materials to build a new roof for his house.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012