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Juana

Update on Juana

Juana continues running her restaurant, where she prepares breakfast, lunch, and dinner. Her general hours are now 9 a.m. until 6 p.m. Thanks to this business she is able to get her family ahead. Her dream is to expand and improve her restaurant. Juana is requesting a loan to buy cooking ingredients in bulk, such as rice, vegetables, chicken and meat.

Juana is receiving an individual loan as a member of the village bank "Solidaridad - Cachimayo", located in the southern Andean region of Peru. The bank is in its 17th cycle with Asociación Arariwa.

Previous Loan Details

Juana belongs to the “Solidaridad Cachimayo” cooperative bank, which is located in the Cachimayo district of the province of Chinceros. She is 35 years old, single and has one child. She is requesting the loan to invest in the restaurant she runs out of her house in Cachimayo. Her favorite dish t... 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

  • $12,000
    Average annual income
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Juana to buy cooking ingredients in bulk, such as rice, vegetables, chicken and meat.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012