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Update on Augusta

Augusta is continuing in her own business and managing her grocery store. She buys primary use products, like rice, sugar, milk, cooking oil, and noodles in bulk and wants to expand her business and increase her stock of bookstore items for the school year. She wants to invest the money from this loan in pants, wines, champagne, and primary need products to stock her store.
View original language description ↓
La socia es la Sra. Augusta; Continua con su negocio propio y la administracion de su tienda de abarrotes, la socia compra la por mayor y vende al por mayor productos de primera necesidad como arroz, azúcar, leche, aceite y fideos, la socia desea ampliar su negocio e incrementar productos de libreria para la epoca escolar, la socia en esta ocasión desea invertir el prestamo en la compra de panetones, vinos, champan y los productos de primera necesidad para implementar sus tienda.

Previous Loan Details

Sra. Augusta belongs to the Communal Bank “Los Angeles” (The Angels) which is located in the District, Province, and Department of Cusco. She is 45 years old, married, and has one child. Augusta divides her time between her daily activities and her grocery business. She sells basic necessit... More from Augusta'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
  • 127
    View loans »
    Peru Loans Fundraising
  • $60,116,750
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Augusta to stock her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 7, 2011
Dec 16, 2011
Currency Exchange Loss:
May 15, 2012
This photo was used before for a previous loan for Augusta. It was first posted on Kiva on May, 2011. Learn More