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Americo

Update on Americo

Americo is a professional motor vehicle driver and continues to offer taxi services. In this way he is able to get his family ahead and this is his main source of income. Americo works very hard to save up to be able to buy a new vehicle. He is asking for this loan in order to do maintenance on his car and keep it operating at all times, as this is his main work tool. He is grateful to Kiva for the loan and promises to make his payments on time.

He is a member of the “Los Diamantes” communal bank in the city of Cusco – Peru.
View original language description ↓
El socio es el señor Americo, él es conductor profesional de vehículos motorizados y ahora continúa dedicándose a prestar servicio de taxi, actividad con la cual saca adelante a su familia y que representa el principal ingreso económico y sustento de su familia. Americo trabaja muy duro para ahorrar y poder acceder a comprar un vehículo nuevo, Americo solicita el crédito para dar el mantenimiento periódico a su carro y tenerlo siempre operativo ya que representa su principal herramienta de trabajo. El socio agradece a KIVA por el préstamo y se compromete a cumplir con los pagos de su cuotas.
El socio pertenece al banco comunal "Los Diamantes" de la ciudad del Cusco - Perú

Previous Loan Details

Americo has dedicated about 18 years to working in transportation services. At various times, he has operated a taxi or heavy transit vehicle carrying freight or passengers. Currently, he is a taxi driver working seven days a week within the city of Cusco. He used to rent a car but was able to bu... More from Americo'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

  • $12,000
    Average annual income
  • 128
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Americo to maintain his vehicle.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Americo. It was first posted on Kiva on Mar, 2012. Learn More