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Sofia

Update on Sofia

This member continues with her business of selling baked oca (a product that looks like a potato) and baked bananas. She sells her products as a street vendor from 8am to 6pm. Through this small business, she wants to get ahead. Her dream is to expand and improve her business of selling oca and bananas, so she is requesting a loan to buy these items in bulk.


The member is happy with the loan and promises to complete her payments.

View original language description ↓
La socia se sigue dedicando al negocio de venta de ocas al horno que es un producto parecido a la papa y tambien vende platano al horno,la socia vende en forma ambulatoria desde las 8:00 a.m hasta las 6:00 p.m,por medio de este pequeño negocio la socia quiere salir adelante,el sueño de la socia es ampliar y mejorar el negocio de venta de ocas y platanos.La socia solicita el credito para comprar platanos y ocas al por mayor.

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

Previous Loan Details

This member belongs to the “WORKING MOTHERS” cooperative bank. The bank is located in the district of Cusco, in the Cusco province. The member is Sofia; she is 42 years old and single. She alternates her daily activities with the business of selling ocas (a tuber similar to a potato) and als... More from Sofia'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
  • 119
    View loans »
    Peru Loans Fundraising
  • $56,101,350
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Sofia to buy bananas and oca in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 25, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Sofia. It was first posted on Kiva on May, 2011. Learn More