A loan of $750 helped to buy a new car and add to savings he already has.

Hugo's story

Hugo, 35, is a member of the “PROSPERIDAD” (Prosperity) communal bank which is located in Huanchac district that’s part of Cusco province, Cusco department.

He has a life partner and two children. He is a taxi driver and works with his own vehicle. He tells us that he’s planning to buy a new, larger car than the one he has. To do so he will sell the car he has currently. He has been saving up from the income earned as a taxi driver but even so still falls short and he intends to get this remaining amount from the present loan. He wants to buy another car that will generate higher profits. He is asking for a loan to invest in the purchase of a new car and to add to the savings he already has.

He values and is grateful for the loan granted and pledges to repay in a timely fashion.

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details