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Update on Fernando

Fernando contiues working in a travel agency. He is a tourist guide and offers tourism services like the Sacred Valley or Machu Picchu. He has been working for 15 years in this business and he would like to have a travel agency. His dream is that his children study and become professionals.

Fernando is asking for this loan to buy materials such as tents, utensils and tools for his business.

Fernando is happy about this loan and promises to fulfill the monthly payments.
View original language description ↓
El socio se sigue dedicando al negocio de agencia de viajes,el socio es guia de turismo y presta servicios de turismo como al valle sagrado o machupicchu,el socio ya se dedica 15 años en este negocio y a el gustaria tener una agencia de viajes,el sueño del socio es que sus hijos estudien y sean profesionales.El socio solicita el credito para comprar su material de trabajo como carpas,utensilios y herramientas para su trabajo.

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

Previous Loan Details

Fernando was born in the charming city of Cusco and he is 41 years old. He currently lives in the same city in which he was born. He is a hard-working father who gets his four children ahead in life. Fernando is a tourist guide. He works in the "Chaska Travel" agency. The agency offers tou... More from Fernando's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $12,000
    Average annual income
  • 42
    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 $600 helped Fernando to buy materials for his business such as tents, utensils and tools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 6, 2012
Sep 9, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Fernando. It was first posted on Kiva on Apr, 2011. Learn More