Check out some available loans that are similar to this one!
Florentina

Update on Florentina

Florentina continues with her restaurant business specializing in snacks. It turns out that “picanterías” [traditional restaurants that specialize in a particular dish] are traditional, rustic establishments with traditional, home-style dishes called “extras,” and larger more elaborate dishes accompanied by “frutillada,” a beverage made from corn and strawberries. She is asking for a loan to buy meat, rice, yellow corn, oil and [drinking] glasses, among other minor products, for the establishment.
View original language description ↓
La socia Florentina; la socia continua con su negocio del restaurante con especialidad en picanteria resulta que las picanterias son tradicionales y son establecimientos mas rusticos y con comida casera tradicional llamadas extras, platos mas grandes y mas elaborados, con el acompañamiento de la frutillada una bebida a base de maiz y de frutillas. La socia solicita el prestamo para invertir en la compra de carne, arroz, maíz amarillo, aceite, vasos para el establecimiento entre otros menores productos.

Previous Loan Details

Florentina was born in Quispicanchis Province in the Department of Cusco, Peru. She is 47 years old and currently lives in the city of Cusco with her two children. Florentina has a restaurant named “Flori” where she has been selling food for 16 years. She has done very well as a result of the ... More from Florentina'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
  • 103
    View loans »
    Peru Loans Fundraising
  • $56,733,750
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Florentina to buy meat, rice, yellow corn, oil and [drinking] glasses.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Florentina. It was first posted on Kiva on Jul, 2011. Learn More