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Erasma

Update on Erasma

The borrower still has her juice stand. She sells various kinds of juices such as strawberry juice, orange juice and other juices. She works in the market from 8:00am to 6:00pm.

By means of this business she is raising her children. Her dream is to expand her juice stand. She is applying for the loan to buy at wholesale, fruit such as apples, strawberries and papaya, as well as sugar.

The borrower is happy about the loan, and promises to make her instalment payments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de jugos,ella vende diferente tipos de jugos como jugo de fresa,jugo de naranja entre jugos,la socia trabaja en elmercado desde las 8:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar el negocio de venta de jugos.La socia solicita el credito para comprar frutas como manzanas,fresas,papaya y azucar al por mayor.

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

Previous Loan Details

The member belongs to the communal bank “QORI ORCCO”. She lives in the Urcos district, Quispicanchis province, Cusco department. The member is Mrs. Erasma, 60, married with three independent children. All the family lives in the Urcos district. She has a retail business with a stand in the… More from Erasma'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
  • 67
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Erasma to buy at wholesale, fruit such as apples, strawberries and papaya, as well as sugar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jun 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Erasma. It was first posted on Kiva on Jul, 2010. Learn More