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Angelica

Update on Angelica

Angelica, 55, is married with two children. She alternates her daily activities between her grocery store and her business selling mistura (colored papers) which are used as decorations for parties, baptisms, and weddings. Angelica's grocery store is open from 6 a.m. until 10 p.m. and at this time, she would like to increase her selection of merchandise. With her loan, Angelica plans to purchase staples such as rice, sugar, milk and crackers. Angelica is grateful to receive the loan and promises to make her payments on schedule.

This profile is for an individual loan, which Angelica is receiving as a member of the village bank "Manos Juntas" (Hands Together) which meets monthly in Cusco. The city of Cusco is located at 3,400 meters above sea level in the Andean mountain range.

Previous Loan Details

The member belongs to the communal bank "Manos Juntas (Hands Together)." The bank is located in the district of Cusco, which belongs to the province of Cusco, and department of Cusco. The member is Ms. Angelica, she is 54 years old and married with 2 children. She alternates her daily… More from Angelica'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
  • 47
    View loans »
    Peru Loans Fundraising
  • $53,879,750
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Angelica to buy staples such as rice, sugar, milk and crackers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Angelica. It was first posted on Kiva on Aug, 2011. Learn More