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Vicentina

Update on Vicentina

This member's name is Vicentina. She constinues wither her economic activity selling construction materials such as plaster, cement, stones, sand, etc. Now she is also going into raising small animals such as guinea pigs and chickens. This is to increase her income and help her husband with the first activity. At this time, Vicentina is asking for the loan to capitalize her second activity by buying chickens and guinea pigs. Vicentina is very grateful to KIVA for helping her fortify her economic activity which has allowed her to offer her family a better quality of life. She belongs to the “KANCHARY” communal bank in the city of Cuzco, Peru.
View original language description ↓
La socia es la señora Vicentina, ella continúa con su actividad económica de venta de materiales de construcción como yeso, cemento, piedra, arena etc. pero adicionalmente ahora también está incursionando en la crianza de animales menores como gallinas y cuyes, esto para aumentar sus ingresos económicos y ayudar a su esposo con la primera actividad. Vicentina en esta oportunidad está solicitando el préstamo para capitalizar su segunda actividad y capitalizarla comprando gallinas y cuyes. Vicentina está muy agradecida con la ayuda de KIVA, por ayudarla a fortalecer su actividad económica la cual le permite ofrecer una mejor calidad de vida a su familia. La socia pertenece al banco comunal “KANCHARY”; de la ciudad del Cusco – Perú.

Previous Loan Details

Vicentina, 44, is a member of the “Kanchary” communal bank that’s located in Cusco District belonging to Cusco Province and Department. She’s married and has two children. She alternates her daily activities with a business selling building materials and supplies like cement, paint, nails and… More from Vicentina'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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,968,650
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Vicentina to buy chickens and guinea pigs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Vicentina. It was first posted on Kiva on Oct, 2011. Learn More