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Gregoria

Update on Gregoria

Gregoria is still making and selling chicha (a corn-based drink) and fruit smoothies. She runs a snack bar where she works from 8am to 5pm. She hopes her business will help her progress in life; her dream is to grow and improve the business. Gregoria is seeking a loan to buy ingredients for the drinks such as sugar and yeast.

She is happy to have the opportunity to get a loan and promises to make the repayments according to the schedule.
View original language description ↓
La socia se sigue dedicando al negocio de elaboracion y venta de chicha y frutillada,ella tiene una picanteria donde trabaja desde las 8:00 a.m hasta las 5:00 p.m,por medio de este negcoio la socia quiere salir adelante,el sueño de la socia es ampliar y mejorar el negocio de picanteria y venta de chicha y elaboracion de frutilla.La socia solicita el credito para comprar insumos para preparar chicha y frutillada como maiz,azucar y levadura.

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

Previous Loan Details

Gregoria lives in the historic city of Cusco, which is in the Department of Cusco, Peru. She prepares and sells “chicha de jora” (a beverage made of corn). Gregoria has a small eatery that is open from 11am until 9pm where she… More from Gregoria'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
  • 70
    View loans »
    Peru Loans Fundraising
  • $54,533,550
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Gregoria to buy ingredients to make chicha and fruit drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Gregoria. It was first posted on Kiva on Feb, 2011. Learn More