Update on ZoniaZonia is 48 years old and has two children. She has a restaurant-bar where she prepares breakfast, lunch, and dinner and works from 9:00 am to 8:00 pm. She also sells antiques and sells tables, chairs, and picture frames. This business allows her to move her children ahead in life.
She would like to expand and improve her restaurant-bar and antiques businesses and is asking for this loan to buy plates, glasses, cups, silverware, tables, and chairs. She will also use some of the money to buy furniture and frames for her antique business.
She appreciates the support she is getting and is committed to being disciplined about making her payments.
La socia agradece el apoyo que se le otorgara y así mismo se compromete a cumplir D. manera disciplinada con los pagos D. las cuotas.
Previous Loan DetailsThe member belongs to the communal bank Maria Elena Moyano, located in the district of Huanchac in the province and department of Cusco. The member is Mrs. Zonia, 48, who has two children who are 29 and 27 years of age. The member has two restaurant-bar locations, and earns a living managing ... More from Zonia's previous loan »
Important InformationAbout 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.
116View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Nov 25, 2011
- Nov 28, 2011
- Currency Exchange Loss:
- Apr 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.