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Amalia

Update on Amalia

Amalia is still selling soup on Sundays in the "Vino Canchón” market. She specializes in cow's head soup, leg soup, stomach meat soup, and chicken soup. She continues to be the sole breadwinner for her household. She is a hard-working woman, and very disciplined. Things are improving for her and her business is going very well. She now wants to invest this loan in the wholesale purchase of meat, as well as other ingredients. She has had to spend her earnings on her husband's health and household costs, but she is now ready to invest in her business. She will buy meat and ingredients, as well as potato, wholesale so that she can start expanding her business again.
View original language description ↓
La socia Amalia; continua con la venta D. caldos los días domingos en el mercado “Vino Canchón”, desD. muy temprano por las mañanas, la socia tiene como especialidad la venta D. caldos D. cabeza D. res, caldo D. patas y caldo D. panza, caldo D. pollera. La socia sigue siendo en casa la unica que aporta economicamente y siendo una mujer trabajadora y muy disciplinada las cosas van mejorando para ella y su negocio le esta yendo muy bien; La socia en esta ocasión desea invertir el credito para comprar carne al por mayor, y los ingredientes para continuar con su negocio, por que lo que estuvo ganando D. la venta D. sus caldos lo ha estado invirtiendo en la salud D. su esposo y en gastos D. la casa, ahora esta discpuesta a continuar y desea invertir en su negocio, en la compra d ecarne, D. ingredientes, D. papa al por mayor para que vuelva a comenzar y crecer.

Previous Loan Details

Amalia, 79, lives with her husband in the city of Cusco; they have 6 children. Amalia used to sell meat in “Vino Canchón” Market but since her husband suffered an accident which left him an invalid she had to stop working in order to stay home to care for him. Determined to continue her life,... More from Amalia'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
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $200 helped Amalia to invest in buying meat wholesale, as well as other ingredients, so that she can continue with her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012