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Update on Felicitas

Felicitas, 51, is the borrower. She’s single and has three children. She continues with her bakery business making and selling bread. She’s still a street vendor. She bakes bread every day and sells it in Oropesa District. She works from 8am until 5pm and supports her children through this business. She wants to expand and improve her bread baking and selling business and is asking for a loan to buy ingredients like flour, shortening and oil at wholesale. She is happy with the loan and pledges to meet her installment payments.
View original language description ↓
La socia es la Sra. Felicitas: es soltera y la socia tiene 51 años de edad y tiene 3 hijos,la socia sigue teniendo el negocio de elaboracion y venta de panes,la socia sigue vendiendo en forma ambulatoria,ella elabora todos los dias panes y los vende en el distrito de Oropesa,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,la socia quiere ampliar y mejorar el negocio de elaboracion y venta de panes . La socia solicita el préstamo para comprar insumos como harina,manteca y aceite al por mayor.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This borrower belongs to the “VIRGEN ESTRELLA DE OROPESA” communal bank. This bank is located in the province of Oropesa, in the department of Cusco. Her name is Felicitas: she is single and 51 years old, with 3 children, aged 29, 24, and 17. She works making breads. This area is known for its... More from Felicitas'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

  • $12,000
    Average annual income
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,945,600
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Felicitas to buy supplies like flour, shortening and oil at wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 18, 2011
Oct 20, 2011
Currency Exchange Loss:
May 15, 2012
This photo was used before for a previous loan for Felicitas. It was first posted on Kiva on Apr, 2011. Learn More