Loan Illustration

Tengo 31 años de edad, y vivo solo en una pequeña casa alquilada, trabajo para ayudar a mi mamá y para tener una vida cómoda, tengo una moto-taxi con la cua…

Transportation Transportation

Peru Peru

Loan amount €1,140

Funded 98%

by 6 members

Loan fully repaid by the entrepreneur

Disbursement date: 05/01/2015
Final repayment of the loan: 05/01/2017

MicroWorld's investors have funded: €1,140

Noe - Purchase equipment


First name: Noe
Gender: Male
Age: 39
Marital status: Single
Number of children: 0
Region: Acari

Loan Request

Purpose: Purchase equipment
Amount: €1,140
Duration: 24 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

Tengo 31 años de edad, y vivo solo en una pequeña casa alquilada, trabajo para ayudar a mi mamá y para tener una vida cómoda, tengo una moto-taxi con la cual genero mis únicos ingresos, los cuales no son suficientes para mis comodidades, por lo que solicito el crédito para la compra de una moto-taxi nueva y reduzca mis gastos en el mantenimiento de la actual.

Economic and social context



With Peru's fast growing economy, the land of the Inca's is helping the global fight against poverty and inequality to gain momentum.
Country's key figures - source Worldbank
Population 29 164 883
GNI per capita 4 150 USD
Economic Growth 9,80%
Poverty rate (less than 2 USD/ day) 17,8% (in 2007)
Unemployment rate 7%
Literacy rate (above 15 years of age) 90%
Life expectancy 73 years

MFI Status

This loan is managed locally by our field partner Fondesurco which is in charge of administrating the loan and repaying MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
  • The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
  • The beneficiaries have been well informed about the risks of over-indebtedness and the consequences of payment default.
  • The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
  • More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.





Fondesurco, an NGO, was established fifteen years ago following a pilot microcredit program initiated by a set of four NGOs operating in the southern region of the country. The project began with group loans that followed the Grameen Bank methodology.

The MFI has developed the majority of its business in the province of Arequipa, supporting agricultural activities in the Andean highlands, and is trying to deepen its presence in this region by offering services to the most remote villages.

Key figures - December 2010
Legal StatusNGO
Number of Borrowers11,040
Portfolio Size$20,335,597
PAR (Portfolio at Risk)0.47%
R.O.A (Return on Assets)0.11%
Social indicators
Average loan /GNI per capita34%
% of female borrowers59%
Saving accounts openedNo (legal status)
Collaterals requiredNot mandatory
Loans for social purposesEducation