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Fidel

Update on Fidel

He continues working in transportation. He has a car he uses to provide taxi services with from 7am until 10pm. He’s been in business five years and does very well. He supports his son by means of this business and his dream is to own a new car. He requests the loan to buy tires and spare parts for his car. He’s grateful for the opportunity provided by this means and commits to make his payments as scheduled.
View original language description ↓
El socio se sigue dedicando al negocio de transporte,el socio tiene un carro donde hace servicio de taxi,el socio trabaja desde las 7:00 a.m hasta las 10:00 p.m,el socio ya tiene 5 años en este trabajo y le va muy bien,el socio por medio de este negocio saca adelante a su hijo,el sueño del socio es tener un carro nuevo.El socio solicita el credito para comprar llantas y repuestos para su carro.

El socio se encuentra agradecido por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

Fidel is still a member of the “Minibank” communal bank. He’s from the city of Cusco. He’s 59-years-old, married and has a son. He continues working as a taxi driver in the city of Cusco. Fidel works driving throughout the city every day and really enjoys his work. He’s asking for a loan to ... More from Fidel'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
  • 50
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Fidel to buy tires and spare parts for his car.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Fidel. It was first posted on Kiva on Aug, 2012. Learn More