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Update on Fernando

Fernando belongs to the communal bank "Puntualito" in the city of Cusco in Peru. He is very hardworking and enterprising. He is continuing in his business leading adventure tours. He is currently seeking a loan so that he can buy sleeping bags, portable stoves, and other camping equipment to upgrade his inventory.

He is very grateful to KIVA for helping him to support himself and develop his business, which is his family's principal source of income.
View original language description ↓
Fernando es el socio que pertenece al banco comunal “PUNTUALITO” de la ciudad del Cusco – Perú. El señor Fernando es muy trabajador y emprendedor, que continúa con su actividad como agente de viajes de turismo de aventura. Fernando en esta oportunidad está solicitando su préstamo para comprar sacos para dormir, cocinetas, e instrumentos de camping en general para renovar su equipo. Fernando está muy agradecido con KIVA por permitirle mantenerse y desarrollarse en su actividad económica, la cual representa el principal ingreso económico y sustento de su familia.

Previous Loan Details

Fernando contiues working in a travel agency. He is a tourist guide and offers tourism services like the Sacred Valley or Machu Picchu. He has been working for 15 years in this business and he would like to have a travel agency. His dream is that his children study and become professionals. F... More from Fernando'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
  • 120
    View loans »
    Peru Loans Fundraising
  • $60,090,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fernando to buy sleeping bags, portable stoves, and other camping equipment.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 7, 2012
Jan 1, 2013
Currency Exchange Loss:
May 17, 2013