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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.
View original language description ↓

El socio pertenece al banco comunal “PROSPERIDAD”; El banco comunal está ubicado en el distrito de Huanchac perteneciente a la provincia de Cusco, departamento de Cusco.

El socio es el Sr. Hugo; El socio tiene 35 años de edad, El socio es conviviente y tiene 2 hijos, el socio es taxista y trabaja diario con su propia unidad vehicular, el socio nos indica que el está planeando comprar un nuevo carro más grande del que tiene y para lo cual el socio venderá su auto, para reunir el dinero él estuvo ahorrando los ingresos que le generaba su auto cuando estaba préstamo en servicio de taxi y aún así le falta un restante de dinero que pretende adquirir con el préstamo por este medio, el socio desea comprarse otro auto el cual le generará mayor rentabilidad. El socio solicita le préstamo para invertir en la compra de un nuevo auto y aumentará a un ahorro que ya tiene.

El socio agradece y valora el préstamo otorgado mediante este medio y del mismo modo se compromete en cumplir con el pago de su cuota en el plazo establecido.

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).

About Peru

  • $12,000
    Average annual income
  • 45
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Hugo to buy a new car and add to savings he already has.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 25, 2010
Dec 1, 2010
Currency Exchange Loss:
Apr 15, 2011