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Cleofe

Update on Cleofe

This member continues selling clothes such as pants (trousers), sweaters, tops and blouses. She makes her sales independently from 8.00am to 7.00pm. Through this business, she provides for her children. The member's dream is to own sales premises from which to sell her clothing. She is requesting this loan to buy pants, blouses and tops wholesale.

The member is very happy and grateful for the support that she is receiving and pledges to make her repayments according to schedule.
View original language description ↓
La socia se sigue dedicando al negocio de venta de ropa como pantalones,chompas,polos y blusas,ella vende en forma independiente desde las 8:00 a.m hasta las 7:00 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 la ropa . La socia solicita el préstamo para comprar panatalones,blusas y polos al por mayor.
La socia se muestra muy satisfecha y agradecida por el apoyo que se le brindara mediante este medio y se compromete a cumplir con el pago de sus deudas en el plazo establecido.

Previous Loan Details

This member belongs to the Communal Bank “MADRES TRABAJADORAS” ("The Hard-Working Mothers"). The bank is located in Tica Tica district, in Cusco Province in Cusco Department. This member is Señor Cleofe. She is 38 years old, and lives with her partner and 2 children aged 7 and 4. The member... More from Cleofe'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
  • 119
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Cleofe to buy pants, blouses and tops wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Jan 26, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Cleofe. It was first posted on Kiva on Sep, 2011. Learn More