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Gloria

Update on Gloria

This member, Gloria, comes from the city of Arequipa but lives in the city of Cusco. She is 39 years old and has a common-law relationship from which she has 5 children.

Gloria still belongs to the community bank "Santo Domingo", and continues with her business selling food. She continues to sell food in one of the food fairs in the city of Cusco, and also has a small restaurant. She works in the restaurant from 8:00 am to 9:00 pm. Gloria has worked in this business for 28 years and is doing very well thanks to her good work.
 
Gloria is requesting a loan to buy more supplies such as meat, rice, oil, eggs, noodles, vegetables and other products. She is grateful for the loan and agrees to comply with the payment schedule.
View original language description ↓
La socia Gloria es natural de la ciudad de Arequipa pero vive en la ciudad del Cusco, tiene 39 años de edad y tiene una relación de unión libre de la cual tiene 5 hijos.

La socia Gloria sigue perteneciendo al banco comunal "Santo Domingo" y sigue con el negocio de venta de comidas, ella sigue vendiendo comida en una de las ferias gastronómicas de la ciudad del Cusco, ella también tiene un pequeño restaurante y trabaja en el restaurante desde las 8:00 a.m hasta las 9:00 p.m. Ya son 28 años que se dedica a este negocio y le va muy bien gracias al desempeño de su trabajo.

La socia Gloria solicita el préstamo para comprar más insumos como por ejemplo carne, arroz, aceite, huevos, fideos, verduras y otras más. La socia Gloria está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member belongs to the community bank "SANTO DOMINGO". The bank is located in the district of Cusco, which belongs to the province of Cusco, and department of Cusco. The member is Señora Gloria. She is 38 years old, she lives with her partner and has 5 children. The member combines her d... More from Gloria'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
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,986,025
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Gloria to buy more supplies such as meat, rice, oil, eggs, noodles, vegetables and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Sep 8, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Gloria. It was first posted on Kiva on Aug, 2011. Learn More