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Greta

Update on Greta

She continues working as a teacher. She teaches in several schools. She also lends money to people who need it. She works as a teacher from 8am until 6pm and she’s been in this occupation for 8 years and does very well. Her dream is to have a toy store. She’s requesting a personal use loan to buy a television set. She was happy with the previous loan and commits to make her installment payments.
View original language description ↓
La socia se sigue dedicando al trabajo como profesora,ella enseña a los diferentes colegios,la socia tambien se dedica a prestar dinero a las diferentes personas que lo necesitan,la socia trabaja como profesora desde las 8:00 a.m hasta las 6:00 p.m,la socia ya tiene 8 años en este trabajo y le va muy bien,su sueño de la socia es tener una tienda donde venden juguetes.La socia solicita le credito para uso personal para comprar un televisor.

La socia esta contenta con el credito naterior y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Greta, 43, lives with her partner and two children. She is a fifth grade teacher, but she has also been working as a moneylender for the past year. Greta gives small loans to other people in her community, such as friends and neighbors who need emergency funds or who are investing in machinery. G... More from Greta'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
  • 112
    View loans »
    Peru Loans Fundraising
  • $55,250,775
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Greta to buy a television set.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Greta. It was first posted on Kiva on May, 2012. Learn More