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Matilde

Update on Matilde

She belongs to the “Comuzone I” communal bank and continues with her business raising small farm animals like hens and chicks. She raises these little animals to then sell to customers that request them. She sells them in one of Cusco’s markets as well as to customers who come by her house to buy them. She’s been in this business for a good length of time and does well because of the effort she puts into it daily. She also continues with her business selling crafts (textiles) since this is how she supports her family. She’s requesting the loan to buy feed and more chicks for her business. She is grateful for the granted loan and commits to make her payments as scheduled.
View original language description ↓
La socia pertenece al banco comunal COMUZONE I ,la socia continua con su negocio de crianza de animales menores como gallinas y pollos,la socia cria a estos animalitos para luego venderlos a sus clientes que le solicitan,la socia los vende en uno de los mercados de la ciudad de Cusco como tambien sus clientes van a su casa a comprar a sus animales,la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,a la vez la socia continua dedicandose al negocio de venta de artesania (textiles),siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de alimentos y comprar mas pollos para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Matilde is 46 years old and married with four children. She alternates her time between a couple of business endeavors. Her primary business for the purposes of this loan is the raising of chicks and hens. She has 700 chicks and 100 hens now. While she raises the hens to sell at the market, she m... More from Matilde'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
  • 118
    View loans »
    Peru Loans Fundraising
  • $57,345,725
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Matilde to buy more feed and chicks for the business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Matilde. It was first posted on Kiva on Apr, 2012. Learn More