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Update on Francisca

Francisca continues with her bakery making cakes, bread and other baked goods among other products like “maicillos,” “condesas” [types of cookies] and others. She wants the loan to buy flour at wholesale, shortening, butter and yeast to make the various cakes and bread to sell in the bakery.
View original language description ↓

La socia Francisca; continua con su negocio de panadería, y sigue elaborando tortas, panes, pasteles entre otros productos como maicillos, condesas y otros, la socia desea el credito para poder invertir en la compra de harina al por mayor, manteca, mantequilla, levadura para elaborar y preparar los diferentes pasteles y panes para venderlos en la panadería.

Previous Loan Details

The member belongs to the ” MUJERES UNIDAS” ["United Women"] communal bank. The bank is located in the district, province and department of Cusco. The member is Mrs. Francisca. She is 40, married, and has 4 children. She has a baker's shop and sells pies, bread, and cakes, among other items. S... More from Francisca'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
  • 97
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Francisca to buy bakery supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 13, 2012
Jan 26, 2012
Currency Exchange Loss:
Jun 15, 2012
This photo was used before for a previous loan for Francisca. It was first posted on Kiva on Jan, 2011. Learn More