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Hilaria

Update on Hilaria

This borrower continues to operate her grocery store business. She sells basic products such as rice, sugar, milk, cooking oil and cookies. She works from 8:00 a.m. to 6:00 p.m. Thanks to this business, she is helping her children get ahead. Her dream is to expand her grocery store business. She is requesting the loan to buy rice, sugar, milk and cooking oil on a wholesale basis.

The borrower is happy about the loan and is committed to fulfilling her payment plan.
View original language description ↓
La socia se sigue dedicando al negocio de tienda de abarrotes,ella vende productos de primera necesidad como arroz,azucar,leche,aceite y galletas,la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar el negocio de tienda de abarrotes.La socia solicita el préstamo para comprar arroz,azucar,leche y aceite al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Hilaria belongs to the communal bank "Mama Simona." This bank is located in the Cusco district, which is part of the province and department of Cusco. Hilaria is 47 years old, married, and has 5 children. She alternates her daily activities with her grocery store business. She sells cookies,… More from Hilaria'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
  • 55
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Hilaria to buy rice, sugar, milk and cooking oil on a wholesale basis.
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 Hilaria. It was first posted on Kiva on Jul, 2011. Learn More