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Norma Eulogia

Update on Norma Eulogia

The businesswoman continues to be in sales of educational materials, such as books, stories, and pencils among other educational items. She works from 9:00am until 6:00pm, and with this business she is able to help her children get ahead. The woman would like to have a shop in which she would be able to sell her school supplies. She is asking for this loan in order to buy books, stories, and pencils at wholesale prices.

The businesswoman is happy about her loan and promises to pay her loan payments on time.
View original language description ↓
La socia se sigue dedicando al negocio de compra y venta de materiales educativos como libros,cuentos lapices entre otros materiales educativos,la socia trabaja desde las 9:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,la socia quiere tener un local donde pueda vender los materiales educativos.La socia solicita el credito para comprar libros,cuentos y lapízes al por mayor.

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

Previous Loan Details

Norma belongs to the QORICHUSPA Communal Bank which is located in the district of Huanchac, province and department of Cusco. She is 50 years old and married with 2 children. She is engaged in the business of buying and selling educational materials. She travels to the city of Juliaca to pu... More from Norma Eulogia'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
  • 127
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Norma Eulogia to buy books, stories, and pencils at wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 16, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Norma Eulogia. It was first posted on Kiva on Jan, 2011. Learn More