Check out other loans that are currently fundraising!
Catalina

Update on Catalina

The borrower is currently 57 years old; her son is 40 years old. She still works preparing home-cooked meals. She wants to buy ingredients and will use the loan to buy them. She will buy rice at wholesale, sugar, noodles and oil in large jugs. She’s asking for the loan to buy ingredients to make her home-cooked meals.
View original language description ↓
La socia actualmente tiene 57 años de edad, su hijo tiene 40 años de edad; La socia aún se dedica a la preparación de comidas caceras, la socia desea comprar insumos, ella invertira el credito en la compra de ingredientes, comprara arroz, al por mayor, azucar, fideos, aceite en bidones. La socia solicita el prestamo para invertir en la compra de insumos para la elaboración de sus comidas caceras.

Previous Loan Details

Catalina, 56, is a widow with one son living in the city of Andahuaylillas, Quispicanchis Province, Cusco department. Her principal business is selling meals, her specialty being soups. Catalina has participated in the communal bank Las Triunfadoras for quite a long time. She plans to invest… More from Catalina'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
  • 48
    View loans »
    Peru Loans Fundraising
  • $54,529,800
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Catalina to buy ingredients for her food preparation.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Oct 24, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012