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Fortunata

Update on Fortunata

This group member is 35 years old. She is currently awaiting the birth of her fifth child. She is pregnant and happy about the arrival of her baby. She has completely changed her business and now works with a new business. She works buying and selling small animals, like guinea pigs, pigs, and poultry. She shared that when she buys a hen for 10 soles she can fatten it and later sell it for 25 soles. That is how the profits work with hens, and it is almost the same with the other animals, although guinea pigs are more profitable because they procreate quickly and then she has more to sell. She is dependent on her own labor and works very hard to increase her earnings and, together with her husband, help her young children and improve their home. She is asking for a loan to invest in the purchase of young animals.
View original language description ↓
Actualmente la socia tiene 35 años de edad, la socia esta en espera de su 5to hijo, ella se encuentra embarazada y feliz por la llegada de su hijo ; la socia ha cambiado totalmente de negocio, ella en la actualidad se encuentra con sus nuevo y propio negocio, la socia se concidera comerciante minorista, la socia compra y vende animale menores, ella compra cuyes, chanchos, aves de corral y los vende ella comenta que cuando compra una gallina a 10 soles ella lo cría engorda y luego viva la vende a 25 soles, entonces ahí esta la ganancia de hacer madurar a las gallinas y es casi igual con los otros animales menores es más rentable los cuyes porque se procrean rápido y aumenta el numero de ellos para la venta. La socia ahora depende solo de su esfuerzo y trabaja arduamente para mejorar sus ganancias y sacar adelnate junto a su conyugue a sus menores hijos y mejorar su vivienda. La socia solicita el prestamo para invertir en la compra de animales menores.

Previous Loan Details

This is Fortunata. She is a member of the Communal Bank “Las Triunfadoras”, which is located in the district of Andahuaylillas and 5 minutes away from the city of Cusco.

Fortunata is 33 years old and married. Her husband works away from home and she tells us, “It is as if we are separated... More from Fortunata'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
  • 33
    View loans »
    Peru Loans Fundraising
  • $55,879,875
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Fortunata buy young animals to raise.
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