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Leoncio

Update on Leoncio

Communal bank "Amistad Cusqueña" gathers every 30th day of the month in the city of Cusco. Cusco is a very popular touristic and commercial destination, famous for its traditional Inti Raymi festival and because it has one of the world’s seven wonders, Machu Picchu.

Leoncio, one of the bank’s members, was born in the beautiful city of Cusco. He is 52 years old, married and has four children. Leoncio sells books and drives a taxi. This time, he is requesting a loan to buy books. He appreciates receiving the loan and promises to pay the installments on time.
View original language description ↓
El Banco Comunal “Amistad Cusqueña” se reúne cada treinta en la ciudad del Cusco. (Cusco es lugar conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”)

El socio Leoncio nació en la hermosa ciudad del Cusco, tiene 52 años de edad y es casado y tiene cuatro hijos. Su actividad económica principal es vender libros y brindar servicio de taxi. En esta oportunidad requiere el préstamo para comprar mercadería como libros. Se encuentra contento por el préstamo pues se compromete a pagar sus cuotas puntualmente y agradece por la ayuda brindada.

Previous Loan Details

Leoncio, 52, has worked as a taxi driver in Cusco for 20 years. He also has a second business as a wholesale distributor of books. He is married with four children, two of whom are living independently. A loan will help Leoncio buy Bibles from Lima to distribute at wholesale. His goal is to open ... More from Leoncio'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
  • 116
    View loans »
    Peru Loans Fundraising
  • $55,266,250
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Leoncio to buy books to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013