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Antonia

Update on Antonia

Antonia is a member of the “Luz del Sur” (Southern Light) communal bank located in the city of Cusco, Peru. She continues selling stove parts like grates and knobs. On this occasion, Antonia needs the loan to buy merchandise to capitalize her business this way. She’s very grateful to Kiva for making it possible for her to strengthen her economic activity.
View original language description ↓
La socia es la señora Antonia, ella pertenece al banco “LUZ DEL SUR” de la ciudad del Cusco – Perú. La socia continúa con su comercio en la venta de accesorios de cocina como hornillas y llaves de cocina. Antonia en esta oportunidad requiere el préstamo para comprar mercadería y capitalizar de esta manera su comercio.
Antonia está muy agradecida con KIVA por permitirle fortalecerse en su actividad económica.

Previous Loan Details

Antonia is one of 12 members of the village bank “Luz del Sur” located in the Andean highlands of Cusco. Antonia is 50 years old and married with six children. Her children are ages 13,17, 23, 26, 27, and 28. Antonia works as a street vendor selling a variety of equipment including kitchen suppli... More from Antonia'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

  • $12,000
    Average annual income
  • 69
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    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 Antonia to buy stove accessories like grates and knobs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013