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Lucila

Update on Lucila

Sra. Lucila is 72 years old, single, and now has a business selling panettones. She works independently from 7am to 8pm. Lucila wants to expand and improve her business, so she is requesting a loan to buy panettones in bulk.


She is pleased with the loan that has been provided and promises to complete her payments according to the established terms.

View original language description ↓
La socia es la Sra: Lucila; La socia tiene 72 años de edad; La socia es soltera; La socia ahora se esta dedicando al negocio de venta de panetones,ella vende en forma independiente desde las 7:00 a.m hasta las 8.00 p.m,la socia quiere ampliar y mejorar el negocio de venta de panetones. la socia requiere el crédito para comprar panetones al por mayor.

La socia se encuentra satisfecha con el préstamo otorgado y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

Here is a member of the communal bank named "Amauta". It is located in the district of Urubamba, in the province of Urubamba of the department of Cusco. Her name is Lucila. She is 72 years old and she is single. She is a very happy woman, hardworking and full of life. She lives together with her… More from Lucila'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
  • 74
    View loans »
    Peru Loans Fundraising
  • $53,936,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Lucila to buy panettones in bulk.
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 Lucila. It was first posted on Kiva on Mar, 2011. Learn More