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Nelly

Update on Nelly

The member [Nelly] works raising animals, such as chickens and guinea pigs. She fattens them and later sells them in different markets. She also still has a minibus with which she provides [transportation] services to the public. Through these two businesses, she helps her son get ahead. Her dream is to grow her animal-raising business.

The member is requesting this loan to purchase chickens and guinea pigs and also to buy feed for the animals. She is happy about the loan and committed to making her loan payments.
View original language description ↓
La socia se dedica al negocio de crianza de animales como pollos y cuyes,la socia los hace engordar y crecer y luego los vende en los diferentes mercados y sigue teniendo su combi que hace servicio de publico,por medios de estos negocios la socia saca adelante a su hijo,el sueño de la socia es ampliar el negocio de crianza de animales.La socia solicita el credito para comprar pollos y cuyes y tambien para comprar alimentos para los animales.

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

Previous Loan Details

Nelly is a member of the "Virgen Purificada - Angostura" community bank which is located in Cusco district, in Cusco province and department. Nelly is 31 years old, lives with her partner, and has one child. She divides her time between her daily activities and her business raising animals su... More from Nelly'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
  • 94
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Nelly to purchase chickens, guinea pigs, and feed for the animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Nelly. It was first posted on Kiva on Jun, 2011. Learn More