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Inocencia

Update on Inocencia

Inocencia keeps on running her bakery, investing her money in the purchase of products to prepare such as bread, confectionery and cakes among others.
She wants to buy flour, butter, yeast and firewood. She wants to invest the money of the loan in the purchase of firewood at wholesale price, butter and yeast to prepare bread, bread rolls, cakes and confectionery.
View original language description ↓
La socia Inocencia; continua con su negocio de panaderia, la socia invierte su dinero en la compra de productos para la elaboracion de panes, pasteles, tortas entre otros. La socia desea invertir en la compra de
harina, manteca, levadura, leña; la socia desea invertir el prestamo en la compra de leña al por mayor, manteca, levadura, para la elaboracion de los panes, panecillos, tortas, pasteles.




Previous Loan Details

The member belongs to the communal bank "Señor de Torrechayoc II" [Lord of Torrechayoc II] and lives in the Urubamba district in the province of Urubamba and department of Cusco. Inocencia, 29, lives in a committed relationship and has two children who are 12 and 13 years of age. The member w... More from Inocencia'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
  • 88
    View loans »
    Peru Loans Fundraising
  • $55,984,075
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Inocencia to buy firewood and products to prepare her bread and pastry (flour, butter, yeast).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 6, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Inocencia. It was first posted on Kiva on Jun, 2011. Learn More