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Miguel
The borrower, Miguel Arcancel, belongs to the communal bank "SANTA ROSITA DE AYLLUPAMPA" which is located in the district and province of Urubamba in the department of Cusco. He alternates his daily activities with timber sales which he does independently in the province of Urubamba. He is able to earn a living this way to provide for his children.

Miguel Arcangel is requesting a loan to buy wholesale timber so he can expand his business. He is grateful for the loan and committed to paying it back on time.
View original language description ↓
El socio pertenece al banco comunal “SANTA ROSITA DE AYLLUPAMPA”; El banco está ubicado en el distrito de Urubamba., perteneciente a la provincia de Urubamba y departamento de Cusco. El socio es el Sr. Miguel Arcangel; ; El socio alterna sus actividades diarias con el negocio de venta de madera, el vende en forma independiente en la provincia de Urubamba y por medio de este negocio saca adelante a sus hijos, el socio quiere ampliar el negocio de venta de madera. El socio solicita el préstamo para comprar madera al por mayor.

El socio está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Additional Information

More information about this loan


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).

About Peru

  • $6,715
    Average annual income
  • 53
    View loans »
    Peru Loans Fundraising
  • $53,895,075
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Miguel to buy wholesale timber.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014