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Cecilio
Our member is Cecilio. He belongs to the communal bank "Tercer Milenio" in the province of Urubamba in Cusco, Peru. Our member, along with his brother, took a chance on the construction business some time ago. Together they started a business of manufacturing cement blocks or concrete bricks for the construction and building of buildings. Cecilio, thanks to the growth of this business, has been able to increase his economic profits and in this way, improved his family's whole quality of life, giving a better education to his children so that they will have a better future. Cecilio will invest his loan to buy the raw material that will allow him to produce his bricks. In this case, he will buy cement and crushed stone.
Cecilio's big dream is to grow his business and develop it as a construction consulting firm at a regional level.
Cecilio thanks KIVA for allowing him to develop his work and to continue growing more each time.
View original language description ↓
Nuestro socio es el señor Cecilio, él pertenece al banco comunal “Tercer Milenio” de la Provincia de Urubamba del Cusco – Perú. Nuestro socio apostó junto a su hermano hace algún tiempo por el negocio de la construcción, formando juntos una empresa de fabricación de bloquetas o ladrillos de concreto, para la construcción y edificación de edificios, nuestro socio gracias al crecimiento de esta empresa ha podido incrementar sus ingresos económicos y de esta manera mejoró la calidad de vida integral de su familia, dando una mejor educación a sus hijos para que tengan un mejor futuro. El señor Cecilio invertirá su préstamo para comprar la materia prima que le permita producir sus ladrillos, en este caso comprará cemento y piedra chancada.
El gran sueño de Cecilio es hacer crecer a su empresa y desarrollarse como una empresa consultora de construcción a nivel regional.
Cecilio agradece a KIVA por permitirle desarrollarse con su actividad y seguir creciendo cada vez mas.

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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
  • 67
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Cecilio to buy cement and crushed stone.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 28, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012