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Update on Stefany

This member, Stefany, belongs to the communal bank "Vallecito" (Little Valley). She is still working with her baking business. She makes pies, cakes and other items. She has been in the business quite a while, and it has been going well thanks to the effort that she puts in. Stefany takes orders for things like weddings, baptisms, "fiestas de 15 años" (a celebration for a girl turning 15 years old) and other occassions. Stefany is also still working with her other business, a school transportation service. In this way, she is able to help her family to get ahead. Stefany is a responsible and hard-working person.
The member is requesting the loan in order to purchase supplies such as flour, butter and milk, for her business.
The member is grateful for the loan she has been offered, and she promises to comply with her established re-payment plan.
View original language description ↓
La socia Stefany pertenece al banco comunal VALLECITO ,la socia continua con su negocio de reposteria,la socia elabora tortas,pasteles entre otros,la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone a su negocio,la socia trabaja a pedido como matrimonios,bautizos,fiestas de 15 años entre otros,la socia a la vez continua con su otro negocio de movilidad escolar siendo de esta forma que la socia saca adelante a su familia,la socia es una persona responsable y empeñosa.
La socia solicita el credito para la compra de insumos como harina,mantequilla y leche para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Stefany is 20 years old and has two jobs. In the morning and afternoon, she offers a service driving children to and from school. In her free time, she works as an assistant preparing desserts such as carrot cake and flan in her house. She does not sell her sweets in a formal shop. Rather, Stefan... More from Stefany'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
  • 104
    View loans »
    Peru Loans Fundraising
  • $57,932,425
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Stefany to purchase supplies such as flour, butter and milk for for business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 15, 2012
Sep 9, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Stefany. It was first posted on Kiva on Apr, 2012. Learn More