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Nicolasa

Update on Nicolasa

Nicolasa was born in the Chinchero district of the Urubamba province, located in the department of Cusco. Currently, however, she lives in the Huchuy Qosqo community, located in the province of Calca, Cusco.

Nicolasa dedicates herself to raising small animals such as guinea pigs and chickens. She has been in this business for several years now, and things are going well thanks to the work she does. Currently, Nicolasa needs a loan to buy more small animals such as guinea pigs and chickens. Nicolasa is a member of the “Huchuy Qosqo” cooperative bank of the Asociación Arariwa in the city of Cusco.
View original language description ↓
La socia Nicolasa nació en el distrito de Chinchero de la provincia de Urubamba del departamento del Cusco, pero actualmente ella vive en la comunidad de Huchuy Qosqo de la provincia de Calca del departamento del Cusco.

La socia Nicolasa se dedica a la crianza de animales menores como por ejemplo cuyes y gallinas. Ya son varios años que se dedica a este negocio y le va muy bien gracias al trabajo que realiza. La socia Nicolasa en esta oportunidad requiere el préstamo para comprar animales menores cuyes y gallinas. La socia Nicolasa pertenece al banco comunal “Huchuy Qosqo” de la Asociación Arariwa de la ciudad del Cusco.

Previous Loan Details

The member belongs to the communal bank "HUCHUY QOSQO" which is located in the Lamay District in the province of Calca, department of Cusco. Mrs. Nicolasa is 59, married and has seven children who are all independent. Her main source of income is agriculture and she grows beans, corn, and… More from Nicolasa'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
  • 68
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Nicolasa to buy small animals such as guinea pigs and chickens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012