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Hector Federico

Update on Hector Federico

Hector keeps on engaging in his activity, selling car spare parts. He sells headlights and rear-view mirrors for cars among other items. He has been engaging in this activity for 7 years and things are going very well. He dreams of expanding his car spare parts selling activity and he is requesting a loan to buy headlights, rear-view mirrors and car oils.

He is happy about the loan and he commits to complying with the repayment of his dues.
View original language description ↓
El socio se sigue dedicando al negocio de venta de autopartes para carros,el socio vende faros para carros,retrovisores entre otras autopartes,el socio ya tiene 7 años en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de venta de autopartes para carros.El socio solicita el credito para comprar faros,retrovisores y aceites.

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

Previous Loan Details

The borrow is part of the communal bank ”MARIA ELENA MOYANO." The borrower Hector is 45 years old, has 5 children and is married. He balances his daily activites with his business of selling car parts. He has been working in this business for many years and it is going well for him thanks to his… More from Hector Federico'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
  • 64
    View loans »
    Peru Loans Fundraising
  • $54,533,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hector Federico to buy headlights, rear-view mirrors and car oils.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Hector Federico. It was first posted on Kiva on Aug, 2012. Learn More