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Reynaldo

Update on Reynaldo

Reynaldo, 44, is married, has 2 children, and lives in Urubamba province. He is a miner in the Puerto Maldonado area and must commute there often to work. Reynaldo is requesting a loan to buy an engine for his vehicle, which is key to getting to work. However, he hasn't had the money to purchase it.

Reynaldo thanks KIVA for helping him financially and letting him provide for his children's education and offer them a brighter future. His dream is to own several vehicles and provide transit service from Cusco to Puerto Maldonado. Reynaldo belongs to the communal bank “San Jose de Urubamba” in Urubamba province in Cusco, Perú.
View original language description ↓
El socio es el señor Reynaldo, tiene 44 años de edad, está casado y tiene 2 hijos, vive en la provincia de Urubamba, Reynaldo se sigue dedicando a la minería en la región de Puerto Maldonado, a donde debe trasladarse frecuentemente para realzar sus actividades. Reynaldo está solicitando el préstamo para comprarle un motor a su unidad vehicular la cual le sirve como herramienta de trabajo y que aún no pudo adquirir precisamente por falta de dinero.
Reynaldo está muy agradecido con KIVA por ayudarlo en su actividad económica y en la educación de sus hijos para procurarse un mejor futuro. Reynaldo tiene un sueño a futuro, y es la de poner una empresa de transporte con varios vehículos que cubran la ruta del Cusco a Puerto Maldonado. Reynaldo pertenece al banco comunal “San Jose de Urubamba” de la provincia de Urubamba del Cusco – Perú.

Previous Loan Details

Reynaldo is a member of the "San José de Urubamba" community bank which is located in Urubamba district, in Urubamba province, in Cusco department. Reynaldo is 43 years old. He lives with his partner and has two children. He divides his time between his daily activities and his job as a mine... More from Reynaldo'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
  • 88
    View loans »
    Peru Loans Fundraising
  • $55,064,175
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Reynaldo to buy an engine for his vehicle.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 16, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Reynaldo. It was first posted on Kiva on Dec, 2010. Learn More