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Luis

Update on Luis

The borrower is still working in the transportation business. He has a car that he uses as a taxi, servicing the city of Cusco. He works from 5:00AM until 6:00PM. He has been in this business for ten years and it is going very well. His dream is to have a new car. He is asking for a loan in order to buy tires for his car.

He is happy about the loan and he promises to complete the scheduled payments.
View original language description ↓
El socio se sigue dedicando al negocio de transporte,el socio tiene un carro donde hace servicio de taxi,el hace servicio de taxi en la ciudad de cusco,el socio trabaja desde las 5:00 a.m hasta las 6:00 p.m,el socio se dedica a este negocio 10 años y le va muy bien,el sueño del socio es tener un carro nuevo.El socio solicita el credito para comprar llantas para su carro.

El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This borrower belongs to the "Madres Trabajadoras" [Hard-Working Mothers"] communal bank, which is located in the district, province, and department of Cusco. This borrower is Mr. Luis. He is 29 years old, in a common-law marriage, and has two children. He divides his time between his daily… More from Luis'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
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,993,575
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luis to buy tires for his car that he uses as a taxi.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Luis. It was first posted on Kiva on Jan, 2011. Learn More