A loan of $1,100 helped to buy a new car.

Hugo's story

Hugo is a member of the "Nueva Victoria - Chinchero" community bank which is located in Chinchero district, in Urubamba province, in Cusco department.

Hugo is 36 years old, single, and has three children aged 12, 10, 1 and 8 months. His main business activity is farming. In 2008 he decided to start work transporting tourists since Chinchero is an area that receives a lot of tourists from all parts of the world. Hugo worked hard to afford his vehicle and obtain his license to drive and provide tourist transport services. He is a part of the Sayhua Tours transport company that transports tourists from Cusco and the whole 'Valle Sagrado' (Sacred Valley). Hugo also supports his wife in making and producing handicrafts.

On this occasion, Hugo tells us that he would like to have some maintenance work done on his vehicle and sell it. He needs this loan to increase the capital that he will make from the sale of his vehicle. He is requesting this loan to buy a new car.

Hugo is happy to be receiving this loan and pledges to make his repayments on time.

Translated from Spanish by Kiva volunteer Linda Oxnard

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Loan details