Check out some available loans that are similar to this one!

Update on Irene

This member is still running her restaurant. She prepares dishes like roasted guinea pig, roasted chicken and soups. She works from 8 am to 6 pm. She also sells soft drinks and beer. Thanks to this business she can bring up her children. Her dream is to expand the guests' area of her restaurant. She applies for this loan to buy ingredients for her dishes, such as meat, chicken and vegetables, and also to buy beer and soft drinks in bulk. She is happy for the loan and promises to comply with the repayment schedule.
View original language description ↓
La socia se sigue dedicando al negocio de restuarant,ella prepara platos como cuy al horno,pollo al horno y sopas,la socia atiende desde las 8:00 a.m hasta las 6:00 p.m,la socia tambien vende gaseosas y cervezas,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar el local de restaurant.La socia solicita el préstamo para comprar productos para cocinar como carne,pollo y verduras y tambien para comprar cerveza y gaseosas al por amyor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member belongs to the “Solidaridad Cachimayo” cooperative bank, which is located in the Cachimayo district of the province of Chinceros. Her name is Irene, and she is 43 years old. Irene is married and has four children, the oldest of which is 23 years old. She is requesting the loan to ... More from Irene'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
  • 115
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Irene to buy ingredients for her dishes, such as meat, chicken and vegetables, and also to buy beer and soft drinks in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 29, 2011
Jan 17, 2012
Currency Exchange Loss:
May 15, 2012
This photo was used before for a previous loan for Irene. It was first posted on Kiva on Jan, 2011. Learn More