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Juana

Update on Juana

Juana still belongs to the “IMASUMAC II” communal bank and she still lives in the city of Cuzco where she also does her economic activities.

Juana still sells firewood and now she sells fodder and kindling. With the previous loan, Juana was able to grow her business and obtain good benefits, such as a better quality of life for her children, like feeding them well. At this time, Juana needs the loan to buy firewood and fodder.

Juana is thankful for the support she has been given and she is committed to making her payments in a disciplined manner.
View original language description ↓
La socia Juana sigue perteneciendo al banco comunal “IMASUMAC II” y continua viviendo en la ciudad del Cusco y donde también realiza sus actividades económicas.

La socia Juana sigue dedicándose a la venta de leña y ahora también se dedica a la venta de pasto y palos. Con el anterior préstamo Juana pudo incrementar su negocio y obtuvo buenos beneficios como por ejemplo dar mejor calidad de vida a sus hijos ósea darles una buena alimentación. En esta oportunidad Juana requiere el préstamo para comprar más leña y pasto.

La socia Juana agradece el apoyo que se le otorgara y así mismo se compromete a cumplir de manera disciplinada con los pagos de las cuotas.

Previous Loan Details

The member belongs to the ”IMASUMAC II” communal bank, located in the Huanchac district in the province and department of Cusco. This is Mrs. Juana. She is 53, married, and has 9 children. Only two of her children live with her because they are still in school; they are 15 and 13 years old. Juan... More from Juana'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
  • 122
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Juana to invest in the purchase of wood for firewood.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012