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Hugo
Our member, Hugo, and his wife have 2 children. He has a taxi business, his wife has a food sales business and their combined income goes to supporting their family. Hugo is applying for a loan that he will use to pay vehicle maintenance costs and school fees. His oldest child is in college and his youngest is studying at a pre-college academy.
Hugo says that he is grateful to KIVA lenders for supporting his business. He is a member of the Milagrosa Virgen del Carmen II community bank in the Peruvian city of Cusco.
View original language description ↓
El socio es el señor Hugo, casado y con 2 hijos, él se dedica al servicio de taxi, actividad que realiza para ayudar a su esposa quien vende comida. Hugo está solicitando el préstamo para dar mantenimiento a su vehículo y de paso pagar los estudios de sus hijos, uno de ellos estudiante universitario y el otro en una academia pre universitaria
Hugo está muy agradecido con KIVA por ayudarlo en su actividad económica. El pertenece al banco comunal “Milagrosa Virgen del Carmen II” de la ciudad del Cusco – Perú.

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

  • $12,000
    Average annual income
  • 113
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Hugo to pay vehicle maintenance costs and school fees.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Oct 2, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013