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Celia

Update on Celia

The member continues working at her shop, selling stuffed animals and decorations, among other gifts. She also works raising guinea pigs. She has worked for 7 years in her shop, and for 5 years raising guinea pigs. Through these businesses she hopes to raise her children. Her dream is to expand her shop. She is requesting the loan to buy stuffed animals, decorations and gifts with which to stock her shop. She is happy about the loan and she promises to comply with the payments on her account,.
View original language description ↓
La socia se sigue dedicando al negocio de bazar,la socia vende peluches,adornos entre otros regalos,al socia tambien se dedica al negocio de crianza de cuyes,en el negocio de bazar la socia se dedica 7 años en este negocio y en el negocio de crianza de cuyes se dedica a 5 años,por medio de estos negocios la socia quiere sacar adelante a sus hijos,el sueño de la socia es ampliar el negocio de bazar.La socia solicita el credito para comprar peluches,adornos y regalos para implementar su bazar.

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 the department of Cusco. The member is Celia; she is 53 years old, married, and has three children. She alternates her daily activities between her stationary... More from Celia'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
  • 78
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    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 Celia : the member is requesting a loan to buy stuffed aniimals, decorations and gifts to supply her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Celia. It was first posted on Kiva on Dec, 2011. Learn More