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Nancy

Update on Nancy

She continues in her business making yoghurt, cheese and sweets. She makes them and then sells them in various street markets. She works from 8am until 6pm and has been in business five years. Her dream is to have a locale where she can sell her dairy products. She’s asking for a loan to buy milk and sugar that she uses to prepare the yoghurt, cheese and sweets. She’s happy about the loan and commits to make her installment payments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de yogurt,quesos y manjares,ella los elabora y luego los vende en las distintas ferias,la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia se dedica a este negocio 5 años,el sueño de la socia es tener un local donde pueda vender sus productos lacteos.La socia solicita le credito para comprar leche y azucar para que preparar los yogures,quesos y manjares.

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

Previous Loan Details

Nancy, 38, belongs to the “Mujeres en Accion” (Women in Action) communal bank located in Anta District that belongs to Anta Province and Cusco Department. She has a spouse and four children. She alternates her daily chores with a business selling cheese, yoghurt and manjar (caramel). She mak... More from Nancy'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
  • 114
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Nancy to buy milk and sugar to make the yoghurt, cheeses and sweets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2012
Listed
Aug 23, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013