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Leticia

Update on Leticia

Sra. Leticia is 43 years old, married, and has two children. She continues to operate her milling business. Leticia processes foods such as beans, wheat, and other products. She also manages a restaurant. Leticia works from 8am to 7pm. Through these businesses, she is able to help her children get ahead. She wants to expand and improve her milling business and her restaurant. Therefore, she is requesting a loan to keep operating her milling machines, so she will buy grains of each of the products that she processes.


Leticia is grateful to those who have helped her to realize her dream, so she promises to complete her payments according to the established terms.

View original language description ↓
La socia es la Sra. Leticia; ella tiene 43 años de edad, casada y tiene 2 hijos; La socia se sigue dedicando al negocio de molinera,ella muele granos como habas,trigo entre otros productos,la socia tambien se esta dedicando al negocio de restaurant,la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,por medio de estos negocios la socia saca adelante a sus hijos,la socia quiere ampliar y mejorar el negocio de molinera y negocio de restaurant.La socia solicita el préstamo para implementar sus molinos y comprar las semillas de cada producto natural que necesita.


La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

Leticia is a member of the AMAUTA communal bank, which is located in the district of Cusco, province of Cusco, department of Cusco. Leticia, 43, is married and has 2 children. She is in the business of milling natural products, such as "morón", "chaquepa" and beans (bean flour is made by mill ... More from Leticia'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
  • 126
    View loans »
    Peru Loans Fundraising
  • $56,142,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Leticia to buy grains for processing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Leticia. It was first posted on Kiva on Nov, 2010. Learn More