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Violeta

Update on Violeta

This member continues to manage a grocery store where she sells basic necessity products such as rice, sugar, milk, and cookies. She works from 5:00 AM to 10:00 PM and has been in the grocery business for eight years.


The member also continues to work at a transportation company. Her dream is to expand her grocery business. She is requesting a loan in order to buy rice, sugar, milk, and cookies. The member is pleased with the loan and promises to complete her payments.

View original language description ↓
La socia se sigue dedicando al negocio de tienda de comestibles,la socia vende productos de primera necesidad como arroz,azucar,leche y galletas,la socia trabaja desde las 5:00 a.m hasta las 10:00 p.m,la socia ya tiene 8 años en este negocio de tienda de abarrotes,la socia tambien sigue trabajando en una empresa de transportes,el sueño de la socia es ampliar el negocio de tienda de comestibles.La socia solicita el credito para comprar arroz,azucar,leche y galletas.

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

Previous Loan Details

Violeta is 29 years old and lives with her partner and her 9-month-old son. For the past year, Violeta has run a small grocery store inside her father’s house. Violeta also works managing freight transport for a large Peruvian company. She is requesting a loan to increase her merchandise, such as… More from Violeta'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
  • 61
    View loans »
    Peru Loans Fundraising
  • $53,998,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Violeta to buy rice, sugar, milk, and cookies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 29, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Violeta. It was first posted on Kiva on Apr, 2012. Learn More