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Cinforosa

Update on Cinforosa

The member continues working in her food-sales business. She sells soups, roast chicken, and fried eggs in the market. She works from 8:00 a.m. to 5:00 p.m. and she already has had her food-sales business for seven years. Her dream is to have a restaurant.

The member is requesting this loan to purchase rice, meat, chicken, and vegetables. She is happy about the loan and she promises to make her payments.
View original language description ↓
La socia se sigue dedicando al negocio de venta en la comida,ella vende sopas,pollo al horno y huevos fritos,al socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 7 años en este negocio de venta de comida,la socia vende en el mercado,el sueño de la socia es tener un restaurant.La socia solicita el credito para comprar arroz,carne,pollo y verduras.

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

Previous Loan Details

Our associate is a member of the “Los Diamantes” (The Diamonds) communal bank, located in the Cusco district, within the Cusco department and province. Cinforosa is 59 years old. She is married, has three children, and sells food. She prepares typical dishes for lunch and dinner and serves c... More from Cinforosa'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
  • 101
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Cinforosa to purchase rice, meat, chicken, and vegetables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012