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Manuela

Update on Manuela

The member is 57 years old and continues with her businesses; she continues to buy cattle. On this occasion she wants the loan to buy two bulls. She says that young bullocks cost between 450 and 600 soles each. She wants to buy two bulls and she says that since she’s had the loan she invests each disbursement in her business. Some months she’s invested it in purchasing pigs or guinea pigs, in her fields and in the purchase of cows. On this occasion she wants to increase her cattle herd. With what all her various activities earn she tends to improve her house making improvements to the finishing, bathroom and also buying farmland. She is asking for the loan to buy two young bullocks.
View original language description ↓
La socia tiene 57 años de edad, la socia continua con sus negocios y ella sigue comprando animales vacunos; la socia en esta ocasión desea el credito para invertir en la comrpa de 2 toros, la socia dice que los toritos tiernos cuestan entre 450 a 600 soles cada uno, la socia desea comprar dos animales vacunos y la socia manifiesta que ella desde que tiene el credito en cada desembolso suele invertir en sus negocios, algunos meses lo ha estado invirtiendo en la compra de chanchos, cuyes, en su terreno de cultivo, en la compra d evacas, y en esta ocasión desea aumentar sus ganados vacunos, ella con todo lo que le genera sus diferentes actividades suele mejorar su vivienda con las mejoras de los acabados, el baño, y comprando terrenos de cultivo. La socia solicita el prestamo para invertir en la compra de 2 toritos tiernos.

Previous Loan Details

Manuela is a member of the "LAS TRIUNFADORAS" communal bank which is located in the Andahuaylillas district which is 5 minutes from the city of Cusco. She is 55 years old, married, and has one son. She alternates her household chores with retail sales. For the past 10 years she has been in... More from Manuela'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

  • $6,715
    Average annual income
  • 84
    View loans »
    Peru Loans Fundraising
  • $55,985,050
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Manuela to buy two young bullocks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Oct 19, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012