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Aug 30, 2016 11:23 EST

Peru: Omar – A loan of $600 helps to pay his household expenses such as rice, milk, sugar, and noodles.

iCrowdNewswire - Aug 30, 2016

Omar

Peru
 
CUSCO, Peru / Consumer Goods
 
Borrower image
 

Omar’s story

The borrower, Omar, 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, Omar, is 41 years old, lives with his partner, and has two children. The borrower works transporting construction materials. The borrower works from very early in the morning. For his good service and the punctuality that he offers to those who hire him, it is going very well for him and he doesn’t lack work. He wants to continue supporting his family to give them a better quality of life.

The borrower asks for the loan to pay his household expenses such as rice, milk, sugar, and noodles.

The borrower is very happy and grateful 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. 

Kate
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 $600 helps to pay his household expenses such as rice, milk, sugar, and noodles.

Contact Information:

Omar

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