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Teodora

Update on Teodora

Teodora continues to work in the preparation and sale of pastries, cookies and snacks, working to order. She has now been working in this business for 3 years. Before this, she had a restaurant but it wasn't very successful so she decided to cook pastries as she likes baking. In the future Teodora would like to have a shop where she can sell the pastries. She is requesting this loan to buy supplies such as flour, butter, sugar and milk to prepare her pastries, cookies and snacks.

She is happy about the loan and she is committed to meeting her repayments.
View original language description ↓
La socia se sigue dedicando al negocio de preparacion y venta de tortas,la socia prepara tortas,galletas y bocaditos,ella trabaja a pedido,al socia ya tiene 3 años en este negocio,antes la socia tenia un restaurnat pero no le fue muy bien entonces dedicio por preparar tortas ya que le gusta la reposteria,la socia en el futuro le gustaria tener un local para que pueda vender las tortas.La socia solicita el credito para comprar insumos como harina,mantequilla,azucar y leche para que prepare las tortas,galletas y bocaditos.

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

Previous Loan Details

The member belongs to the communal bank “Tinka.” The bank is located in the district of Cusco, belonging to the province of Cusco and department of Cusco. The member is Teodora. She is 42 years old, has a partner, and 4 children. The member alternates her daily activities. She has a busines... More from Teodora'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
  • 117
    View loans »
    Peru Loans Fundraising
  • $56,074,200
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Teodora to buy supplies such as flour, butter, sugar and milk to prepare her pastries, cookies and snacks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Teodora. It was first posted on Kiva on Dec, 2011. Learn More