Check out other loans that are currently fundraising!
Francisca

Update on Francisca

This associate continues working in the grocery store business and also continues dedicating herself to the business of handicrafts. She sells caps, sweaters and pants. Through these businesses the associate gets her kids ahead. Her dream is to grow the business selling handicrafts and groceries. She is asking for credit in order to purchase sweaters, gloves and pants and also to buy products to stock the grocery store like rice, sugar, milk and oil.

She is happy for the loan and promises to complete all of the loan payments.
View original language description ↓
La socia se sigue dedicando al negocio de tienda de abarrotes y tambien se sigue dedicando al negocio de artesania,ella vende gorros,chompas y pantalones,por medio de estos negocios la socia saca adelante a sus hijos,el sueño de la socia es ampliar el negocio de venta de artesania y tienda de abarrotes.La socia solicita el credito para comprar chompas,guantes y pantalones y tambien comprar productos para implementar la tienda de abarrotes como arroz,azucar,leche y aceite.

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

Previous Loan Details

Francisca was born in the city of Cusco, and has lived in the city of Ollantaytambo for the past 33 years. Francisca is 53 years old, married, and has four children from this union. Francisca has a general store in one of the popular markets of the city of Ollantaytambo. She also dedicates… More from Francisca'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
  • 62
    View loans »
    Peru Loans Fundraising
  • $53,993,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Francisca to purchase sweaters, gloves and pants and also to buy products to supply a grocery store like rice, sugar, milk and oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Francisca. It was first posted on Kiva on Nov, 2011. Learn More