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Bernardina

Update on Bernardina

The loan recipient is a member of the village bank "Solidaridad - Cachimayo". She continues with her business selling salchipapas [sausage and french fries]. She has been doing it for awhile and it's going well thanks to the dedication she puts into it every day. She sells her product on one of the streets in the district of Cachimayo. She is responsible and dedicated and this is how she gets her family ahead.

She asks for a loan to buy ingredients like potatoes, oil, sausages and mustard. She is grateful for the loan awarded to her and promises to meet her repayment quotas.
View original language description ↓
La socia pertenece al banco comunal SOLIDARIDAD - CCACHIMAYO,la socia continua con su negocio de salchipapas,la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vendé de forma ambulatoria en una de las calles del distrito de Cachimayo,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de insumos como papa,aceite,salchichas y mostaza.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Bernardina belongs to the “Solidaridad Cachimayo” cooperative bank, which is located in the Cachimayo district of the province of Chinceros. She is 54 years old and married with six children — three girls and three boys. She is requesting the loan to invest in her food sale business. She sells "s... More from Bernardina'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
  • 122
    View loans »
    Peru Loans Fundraising
  • $55,277,200
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Bernardina to buy ingredients like potatoes, oil, sausages and mustard.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013