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Felicitas

Update on Felicitas

The member is Mrs. Felicitas who continues with her business selling spare parts for machinery, such as welding tools, and electric supplies. On this occasion she is requesting a loan to buy welding tools and electric supplies to sell to her mechanical customers, and people who sell food mill machines. She wants to continue earning a good income to finish building her house, giver her children an education and grow economically.

She plans to buy welding tood and other supplies to sell.
View original language description ↓
La socia es la Sra. Felicitas; continua con su negocio de compra y venta de repuestos de máquina, tipo soldaduras y suministros electricos la socia desea ene sta ocasión invertir el prestamo en la compra de soldaduras y de suministros electricos para vender a sus clientes los mecanicos, a personas que venden maquinarias como molineros. La socia desea seguri prosperando para terminar de construir su vivienda y educar a sus hijos y crecer economicamente. La socia desea invertir en la compra de maquinarias como soldadoras, suministros varios para vender.

Previous Loan Details

The member belongs to the communal bank “QORIMANCACHA”. The bank is located in the district of Cusco, in the province and department of Cusco. The member is Senora Felicitas. She is 50 years old and is single. The member divides her time between daily activities and the business of selling spa... More from Felicitas'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
  • 128
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Felicitas to buy welding tools and other supplies to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 14, 2012
Currency Exchange Loss:
N/A
Ended:
May 15, 2012