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Aug 29, 2016 4:23 PM ET

Archived: Peru: Jose Luis Peru CUSCO – A loan of $900 helps to purchase rice, sugar, milk, and noodles.

iCrowdNewswire - Aug 29, 2016

Jose Luis

CUSCO, Peru / General Store
Borrower image

Jose Luis’s story

The borrower, José, belongs to the “NUEVA LUZ DE MAÑANA NRO II” communal bank. This bank is located in the district of Cusco, in the province and department of Cusco.

The borrower, José is a hard-working person. The borrower is 39 years old, single, and has a child. The borrower works at his grocery store business. The borrower has had this business for some time now and it is going well for him. The borrower has a great variety of prices and products. For his friendliness and good service, people go to shop at his store. The borrower works hard in his business to give his family a better quality of life.

The borrower asks for the loan to purchase rice, sugar, milk, and noodles.

The borrower is grateful to the Kiva investors and promises to make the established payments. 

Translated from Spanish by Kiva volunteer Wendy Harris View original language description 

This loan is special because:

It uses a group-lending method to reach low-income borrowers. 

Kiva staff 

More about this loan 

About Asociación Arariwa:

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).

A loan of $900 helps to purchase rice, sugar, milk, and noodles.

Contact Information:

Jose Luis

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