Check out other loans that are currently fundraising!
Lucio

Update on Lucio

This member belongs to the Communal Bank "Amistad Cusqueña". He continues with his taxi service. He has dedicated himself to this activity for a long time, and it's going well for him thanks to the effort that he puts into his work every day. At the same time, he continues with his restaurant business, which is the way in which he supports his family.

This member feels very grateful for this loan and is committed to paying his monthly installments on time.
View original language description ↓
El socio pertenece al Banco Comunal “Amistad Cusqueña”, él socio continua brindando el servicio de taxi, el socio lleva buen tiempo dedicándose a esta actividad el cual le va bien gracias al empeño que le pone cada día a su trabajo, él socio a la vez continua con su negocio de restaurante siendo de esta forma que el socio saca adelante a su familia.
El socio solicita el crédito para realizar el mantenimiento de su carro.

El socio se siente agradecido por el crédito y se compromete a pagar sus cuotas puntualmente.

Previous Loan Details

The 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… More from Lucio'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
  • 73
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Lucio to perform maintenance on his car.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013