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Manuel
Manuel is a 43-year-old carpenter who has four children with his partner. His eldest child is 20 years old and the youngest just one month old. Manuel has been producing furniture for about five years. He is requesting a loan to buy materials such as wood, paint, and nails. Right now, his business is quite small; he produces four pieces per week. He hopes that continued investment will allow him to increase the pace of production and expand his clientele.

Manuel is receiving an individual loan as a member of the village bank "Vallecito" in Cusco, which is located close to the Incan ruins of Macchu Picchu in the Andean mountains. The bank is in its 17th cycle with 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 Peru

  • $6,715
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,074,975
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Manuel to buy wood, paint, and nails.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
Apr 22, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012