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Libia

Update on Libia

Libia, 66, has three children. She’s married and continues working selling auto spare parts. She has a stO. that’s open from 8am until 7pm. She wants to expand and improve the auto spare parts sales and is asking for a loan to buy spare parts at wholesale to stock her stO.. She is thankful for the support she’ll get and commits to make her installment payments in a disciplined way.
View original language description ↓
La socia es la Sra. Libia, la socia tiene 66 años D. edad, la socia tiene 3 hijos ; la socia es casada,la socia se sigue dedicando al negocio D. venta D. autopartes D. carro,ella tiene un atienda donD. atienD. desD. las 8:00 a.m hasta las 7:00 p.m,la socia quiere ampliar y mejorar el negocio D. venta D. autopartes. La socia requiere el préstamo para comprar autopartes al por mayory para implementar su negocio.

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 Details

This borrower belongs to the “MARIA ELENA MOYANO” communal bank. The bank is located in the district of Huanchac, province of Cusco, in the Department of Cusco. Her name is Libia, and she is 66 years old. She has 3 children, aged 42, 40, and 36. She is married, and for the past 40 years, she h... More from Libia'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
  • 102
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Libia to buy auto spare parts at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Libia. It was first posted on Kiva on Aug, 2011. Learn More