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Dominga

Update on Dominga

Dominga, the member, is 55 years old. She is married with seven children and lives in Urubamba province. She continues her business selling food as a street vendor. She has supported herself with this business, which has enabled her to get ahead and raise her children. She is requesting the loan to purchase ingredients such as rice, potatoes, meat, and vegetables, which will enable her to continue preparing her food and to finance her business. For this reason, she is very grateful to Kiva for enabling her to develop her business and she pledges to make all of her payments on schedule. Dominga belongs to the “San Jose de Urubamba” Communal Bank in Urubamba province, Cusco, Peru.
View original language description ↓
La socia es la señora Dominga, ahora tiene 55 años de edad, casada con 7 hijos, vive en la provincia de Urubamba, la socia continua con su actividad comercial de venta de comida de forma ambulatoria. Dominga se ha mantenido trabajando en esta actividad la cual le ha permitido sacar adelante y educar a sus hijos, La socia solicita el préstamo para comprar insumos como arroz, papas, carnes y verduras, que le permitan seguir produciendo sus alimentos y capitalizar su comercio, por ello la socia está muy agradecida con KIVA, por ayudarla a desarrollarse en su trabajo y se compromete a cumplir con el pago de sus cuotas puntualmente. Dominga pertenece al banco comunal “San Jose de Urubamba” de la provincia de Urubamba del Cusco – Perú.

Previous Loan Details

Dominga belongs to the San José D. Urubamba communal bank in the city of Urubamba. Every month, the members of the communal bank meet in Urubamba, which is in the province of Urubamba in the department of Cuzco. Dominga lives in the city of Urubamba, where she engages in economic activities. H... More from Dominga'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
  • $57,341,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Dominga to purchase ingredients such as rice, potatoes, meat, and vegetables.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 16, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Dominga. It was first posted on Kiva on Oct, 2011. Learn More