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Nieves

Update on Nieves

Nieves continues being a member of the “Mujeres Unidas” (United Women) communal bank and is still living in the city of Cusco. Her main economic activity is selling food and she continues tending to her restaurant where she prepares delicious stews. She did very well with the previous loan thanks to the punctual payments she made.

On this occasion, Nieves needs the loan to buy ingredients like sacks of rice, sacks of sugar, noodles, oil, vegetables and others, for example.

Nieves is grateful for the support she’ll get and commits to make her installment payments in a disciplined way.
View original language description ↓
La socia Nieves sigue perteneciendo al banco comunal “MUJERES UNIDAS” y sigue viviendo en la ciudad del Cusco.

Su actividad económica principal de la socia Nieves es la venta comida, ella sigue tendiendo su restaurante donde prepara ricos potajes, ella con el anterior crédito le fue muy bien gracias a los pagos puntuales que realizó.

En esta oportunidad Nieves requiere el préstamo para comprar insumos como por ejemplo sacos de arroz, sacos de azúcar, fideos, aceite, verduras y otros insumos.

La socia Nieves 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

Sra. Nieves is a member of the Communal Bank “Mujeres Unidas” which is in the District of San Jeronimo, Province and Department of Cusco.

She is 38 years old, married, and has two children. Nieves manages a restaurant and prepares different dishes using rice, oil, and noodles that she purc... More from Nieves'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
  • 110
    View loans »
    Peru Loans Fundraising
  • $54,998,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Nieves to buy ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012