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Leoncio

Update on Leoncio

The member belongs to the “Amistad Cusqueña” communal bank. He is continuing with his business selling books and with his taxi service. He has been in his business and offering the taxi service for some time. These activities are going well thanks to the effort he puts into each one of them. The member is a responsible and hard-working person, as this is how he keeps going for the sake of his family.

He is requesting the loan to buy tires for his taxi. Member feels grateful for the loan granted and promises to pay his installments on time. He is grateful for the assistance he has been provided.
View original language description ↓
El socio pertenece al Banco Comunal “Amistad Cusqueña”,el socio continua con su negocio de venta de libros y brindando el servicio de taxi,el socio lleva buen tiempo con su negocio y brindando el serviucio de taxi los cuales le va bien bien gracias al empeño que le pone a cada uno de ellos,el socio es una persona responsable y empeñosa siendo de esta forma que el socio sale adelante por su familia.

El socio solicita el credito para la compra de llantas para su carro.
El socio se siente agradecido por el credito otorgado y se compromete a pagar sus cuotas puntualmente y agradece por la ayuda brindada

Previous Loan Details

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 ... 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

  • $12,000
    Average annual income
  • 86
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Leoncio to buy tires for his taxi.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Leoncio. It was first posted on Kiva on Mar, 2013. Learn More