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Fany Monica

Update on Fany Monica

This member is now selling traditional costumes, such as skirts, blouses, and pants. She rents out the costumes for different traditional dances in the city of Cusco. This business has allowed her to get ahead. Her dream is to have a bigger store to rent out her traditional costumes. She is asking for this loan to buy a washing machine to install in her home.

She is glad to have received this loan and promises to make her payments.
View original language description ↓
La socia ahora se esta dedicando al negocio de venta de trajes tipicos como faldas,blusas y panatlaones,ella alquila los trajes para diferentes danzas tipicas de la ciudad del Cusco,la socia por medio de este negocio quiere salir adelante.El sueño de la socia es tener un local mas amplio para que pueda alquilar los trajes tipicos.La socia solicita el credito para comprar una lavadora para implementar su casa.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Fany was born in the city of Sicuani (Cusco, Peru). She is 24 years old and lives with her common-law husband. She has lived in the city of Cusco for seven years and this is where she carries out her business. Fany is a seamstress who makes clothes. She has been in this business for several y... More from Fany Monica'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
  • 39
    View loans »
    Peru Loans Fundraising
  • $55,833,225
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Fany Monica to buy a washing machine to install in her home.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012
This photo was used before for a previous loan for Fany Monica. It was first posted on Kiva on Sep, 2011. Learn More