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Bridaine

Update on Bridaine

This member continues to manage her business of selling auto supplies. She sells motors, tires, and auto parts. The member works from 8:00 A.M to 7:00 P.M. and has been in business for 10 years. Her dream is to expand the shop where she sells auto supplies.


The member is requesting a loan to buy motors and automobile spare parts. She is pleased with the loan and promises to complete her payments.

View original language description ↓
La socia se sigue dedicando al negocio de venta de repuestos de carros,la socia vende motores,llantas y repuestos para carros,la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene 10 años en este negocio,el sueño de la socia es ampliar el local donde vende los repuestos de carro.La socia solicita el credito para comprar motores y repuestos para los carros.

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

Previous Loan Details

Bridaine is 35, married, and has two children. She alternates her activities between the home and her small business selling replacement parts for cars. She has had the business for several years, and it has gone very well for her thanks to all of the effort she puts into her work. She is an e... More from Bridaine'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
  • 72
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Bridaine to buy motors and automobile spare parts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2012
Listed
Sep 22, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013