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Janet

Update on Janet

This member continues selling roasted sweet potatoes and bananas. She makes her sales as an itinerant vendor, from 8.00am to 4.00pm. Through this business, she provides for her family. The member's dream is to have a sales location from which to sell her roasted sweet potatoes and bananas. She is requesting this loan to buy bananas and sweet potatoes wholesale.

The member is happy to be receiving her loan and pledges to make her repayments on time.
View original language description ↓
La socia se sigue dedicando al negocio de venta de camote y platano al horno,ella vende en froma ambulatoria desde las 8:00 a.m hasta las 4:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es tener un local donde pueda vender el platano y camote al horno.La socia solicita el préstamo para comprar platanos y camotes al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The “El Molinito II” (The Little Mill II) communal bank meets every thirty days in the city of Cusco (Perú). Cusco is known for its tourism, commerce and for its traditional, Inti Raymi, festival and because one of the Seven Wonders of the World, Machupicchu, is located there. Janet was bor... More from Janet'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
  • 114
    View loans »
    Peru Loans Fundraising
  • $56,813,675
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Janet to buy bananas and sweet potatoes wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 15, 2012
Currency Exchange Loss:
Covered
Ended:
May 15, 2012
This photo was used before for a previous loan for Janet. It was first posted on Kiva on Aug, 2011. Learn More