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Primitiva

Update on Primitiva

This member, Primitiva, continues to sell 'chicha', a corn-based beverage. She also now has a grocery store selling staples such as rice, sugar, milk and oil. She works from 8:00 am to 7:00 pm, and her business gives her the means to bring up her children.

Her dream is to have her own premises where she can sell her chicha. She has requested this loan to purchase corn for preparing chicha, and also to buy rice, sugar, milk and oil to stock the grocery store.

Primitiva is happy to receive this loan and promises to comply with her repayment schedule.
View original language description ↓
La socia se sigue dedicando al negocio de venta de chicha que es una bebida a abse de maiz y ahora tambien tiene una tienda de abarrotes donde vende productos de primera necesidad como arroz,azucar,leche y aceite,la socia trabaja 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 chicha . La socia solicita el préstamo para comprar maiz para preparar la chicha y tambien para comprar arroz,azucar,leche y aceite para implementar la tienda de abarrotes.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This borrower belong to the "Mama Simona" communal bank, which is located in the district, province, and department of Cusco. This borrower is Ms. Primitiva. She is a 45 year-old widow and has four children. She divides her time between her daily activities and her businesses selling firewood… More from Primitiva'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
  • 31
    View loans »
    Peru Loans Fundraising
  • $54,517,425
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Primitiva to purchase corn for preparing chicha, and to buy rice, sugar, milk and oil to stock her grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Jan 28, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Primitiva. It was first posted on Kiva on Jul, 2011. Learn More