Update on LucioThe Community Bank “Amistad Cusqueña” meets on the thirtieth of each month in the city of Cusco. (Cusco is known for being a tourist and commercial city because of its traditional Inti Raymi festival and because "Macchu Picchu," one of the seven wonders of the world, is located here.)
Lucio was born in the city of Abancay but lives in the beautiful city of Cusco. He is 39 years old, married, and has two children from his beautiful relationship. His primary economic activity is providing a taxi service, but he also owns a small restaurant, which his wife manages.
At this time, Lucio is requesting the loan in order to buy supplies for his restaurant, such as vegetables, rice, sugar, and others. He is very happy for the loan and is committed to paying his installments on time. He is thankful for the help offered.
El socio Lucio nació en la ciudad de Abancay pero vive en la hermosa ciudad del Cusco, tiene 39 años de edad y es casado y fruto de esta hermosa relación tiene dos hijos. Su actividad económica principal es brindar servicio de taxi y también tiene un pequeño restaurante quien administra el negocio es su esposa. En esta oportunidad requiere el préstamo para comprar insumos como por ejemplo verduras, arroz, azúcar y otras cosas más. Se encuentra contento por el préstamo pues se compromete a pagar sus cuotas puntualmente y agradece por la ayuda brindada.
Previous Loan DetailsLucio is 38 years old, married, and has two children. For the last three years, he has been the owner of a business providing taxi transportation services. He now has two cars and employs drivers, whereas previously he used to drive his own car. In addition, Lucio has a restaurant business. A loan… More from Lucio's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid