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Frida

Update on Frida

The borrower is still working in her business selling chicharrones, which is a dish made from pork and fried potatoes. By means of this business, she is raising her children.

Her dream is to expand her chicharroneria. She is applying for the loan in order to buy chairs and tables. The borrower is happy about receiving the loan, and promises to make her installment payments.
View original language description ↓
La socia se sigue dedicando el ngeocio de venta de chicharrones que es un plato a base de carne de chancho y papas fritas,al socia por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar el local de chicharroneria.La socia solicita el préstamo para la implementación de su negocio para comprar sillas y mesas.


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

Previous Loan Details

Frida, 58, is a member of the “AHORRO ES PROGRESO-SAYLLA” (Savings Means Progress-Saylla) communal bank located in Saylla district which belongs to Cusco province, Cusco department. She is married and has four children. She has her own chicharrón (fried pork skin) sales business at home; she’... More from Frida'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
  • 128
    View loans »
    Peru Loans Fundraising
  • $56,843,475
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Frida to buy chairs and tables for her restaurant business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Frida. It was first posted on Kiva on Feb, 2011. Learn More