He is 47 years old, married, and has one daughter. Santiago is a farmer who grows corn and potatoes. He exports white corn and produces it by purchasing the seeds for planting and fertilizing his crops prior to selling the grain in bulk and in smaller quantities. On this occasion, he wants to invest the money from his loan in the improvement of his home. Some interior repairs are needed and he needs the capital to cover the expenses. Santiago is requesting this loan to invest in the purchase of materials for these home repairs.
He is very grateful for the loan and promises to complete his payments in a disciplined manner.
El socio pertenece al banco comunal “OLLANTAY DE WAYRACPUNCU”; Este banco está ubicado en la Provincia de Ollantaytambo y departamento de Cusco.
El socio es el Sr. Santiago; es casado; el socio tiene 47 años de edad; el socio tiene 1 hija y el socio se dedica a la agricultura el socio tiene terrenos en los cuales cultiva maíz, papa, el socio se dedica principalmente a la exportación de maíz blanco; el socio compra semillas para la siembra las abona y luego vende los granos al por mayor y menor, el socio en esta ocasión desea invertir el préstamo de dinero en mejorar su vivienda el refaccionara algunos ambientes y requiere de capital para cubrir los gastos. El socio solicita el préstamo para poder invertir en la compra de materiales para refaccionar su vivienda.
El socio está muy agradecido por el préstamo y se compromete a cumplir con los pagos de dicho préstamo de forma disciplinada.
Important InformationAbout 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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