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Manuel Prado Group
In this Group: Maribel, Yony Amparo, Guisela, Maria Ruth, Edgar, Carmen Rosa, Pedro, Diana Iboska, Jeneth
Pedro was born in the city of Cusco, in the department of Cusco. He currently lives in the same city where he was born.

Pedro is 40 years old and married. From this beautiful relationship he has one son. He is a hardworking father who provides for his son. He is a mechanic and has a small workshop where he serves his clients. He has had this business for two years, and it is going very well thanks to the effort that he puts into the business.

Pedro belongs to the "Manuel Prado" communal bank. On this occasion, he needs this loan to buy spare parts such as pistons, fuel injectors, oil, grease, radiators, and engines, among other parts.

The communal bank's members have meetings every thirty days in the city of Cusco. The communal bank is made up of hardworking, enterprising people who constantly search for opportunities to get ahead and to give a better future to their children through their efforts. The majority of the members live in the city of Cusco. The business activities of the other members include selling school supplies, selling clothing, and selling groceries. The other members work as administrative assistants, clothes makers, and teachers.

Cusco is known for being a very touristic and commercial area, as well as for its traditional Inti Raymi festival. One of the Seven Wonders of the World, Machu Picchu, is also located here.
View original language description ↓
El señor Pedro nació en la ciudad del Cusco del departamento de Cusco, Actualmente, él vive en la misma ciudad donde nació.

El señor Pedro tiene 40 años de edad y es casado fruto de esta hermosa relación tiene un hijo, él es un padre trabajador pues saca adelante su hijo, él es mecánico y tiene un pequeño taller donde atiende a sus clientes. Ya son dos años que se dedica a este negocio y le va muy bien gracias al empeño que le pone a su negocio.

El señor Pedro pertenece al banco comunal “Manuel Prado” y en esta oportunidad requiere el préstamo para comprar repuesto como tuertas, pistones, inyectores, aceite, grasa, radiadores, motores y entre otras cosas más.

Las reuniones de las socias del Banco Comunal son cada treinta días en la ciudad del Cusco. El banco Comunal está conformado por personas que son trabajadores y emprendedores que buscan a cada momento las oportunidades para salir adelante y con su esfuerzo diario entregar un mejor futuro a sus hijos. La mayoría de los socios viven en la ciudad del Cusco y sus actividades económicas de los demás socios son por ejemplo venta de útiles escolares, venta de ropa, venta de comestibles y los demás trabajan como asistente administrativo, confección de ropa y enseñando educación.

Cusco es 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”.

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).

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $12,000
    Average annual income
  • 119
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Manuel Prado Group's $2,975 loan helped a member to buy spare parts such as pistons, fuel injectors, oil, grease, radiators, and engines, among others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013