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Update on Cleofe

The member continues to work in her business selling fruits. She sells apples, bananas, oranges, and grapes. She sells in the market from 6:00am until 6:00pm. This business has enabled her to support her children. Her dream is to have a store where she can sell her fruit. She is requesting a loan to buy apples, oranges, bananas, and grapes wholesale.
The member is happy to have the loan and promises to make her repayments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de frutas,ella vende manzanas,platanos,naranjas y uvas,la socia vende en el mercado desde las 6:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es tener un local donde pueda vender las frutas.La socia solicita el credito para comprar manzanas,naranjas,platanos y uvas al por mayor.

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

Previous Loan Details

Cleofe is a member of the 'Madres Trabajadoras' community bank which is located in Cusco district, in Cusco province and department. Cleofe is 39 years old, lives with her partner, and has two children. She divides her time between her daily activities and her fruit business. She sells orang... More from Cleofe'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
  • 131
    View loans »
    Peru Loans Fundraising
  • $58,895,075
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Cleofe to buy apples, oranges, bananas, and grapes wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 11, 2012
May 24, 2012
Currency Exchange Loss:
Oct 15, 2012
This photo was used before for a previous loan for Cleofe. It was first posted on Kiva on May, 2011. Learn More