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Sofia

Update on Sofia

Sofia continues to make her living as an administrator in a hotel. She works from 6:00am until 6:00pm. Through this job, she has been able to get her children ahead. Her dream is to improve at her job. She is requesting a loan for personal use to buy a television for her home.

Sofia is happy for the loan and she is committed to make the payments.
View original language description ↓
La socia se sigue dedicando al trabajo de administradora en un hotel,la socia trabaja desde las 6:00 a.m hasta las 6:00 p.m,por medio de este trabajo la socia saca adelante a sus hijos,el sueño de la socia es mejorar en su trabajo.La socia solicita el credito para uso personal para comprar un televisor para su casa.

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

Previous Loan Details

Sofia was born in the province of Urubamba, but she lives in the town of Rumichaca Baja. This town is located in the district of Urubamba, the province of Urubamba and the department of Cusco, Perú. Sofia is 25 years old and is a mother and father to her only child. One year ago she lived i... 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
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,069,725
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Sofia to buy a television for her home.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Sofia. It was first posted on Kiva on Dec, 2011. Learn More