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Cleofe

Update on Cleofe

Cleofe belongs to the 'MADRES TRABAJADORAS' communal bank. She continues with her fruit business, selling oranges, mandarins, bananas and passion fruit, amongst others. She has been working in this business for years and it is going well thanks to the effort which she makes daily. Cleofe sells in one of the markets in the city of Cusco. She is a responsible and hard-working person and this is her way of supporting her family.
Cleofe is requesting the loan to buy oranges wholesale. She is grateful for the loan and promises to fulfil her repayments.
View original language description ↓
La socia pertenece al banco comunal MADRES TRABAJADORAS, la socia continua con su negocio de venta de frutas, la socia vende lo que son naranjas, mandarinas, platanos, granadillas entre otros, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vende en uno de los mercados de la ciudad de Cusco, 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 naranjas al por mayor.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Cleofe is a member of the 'Madres Trabajadoras' community bank which is located in Cusco district, in Cusco province and department. Cleofe is 39 years old, lives with her partner, and has two children. She divides her time between her daily activities and her fruit business. She sells… More from Cleofe'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
  • 74
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    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 Cleofe to buy oranges wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013