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Gregoria

Update on Gregoria

Gregoria continues to run her business making and selling “chicha de jora” (a traditional fermented beverage made of corn). She has a small eatery where she works from 8:00 a.m. until 5:00 p.m. Thanks to this business, she is able to support her family. Her dream is to improve her eatery (Establishing an area where the chicha de jora is dispensed.) She is asking for this loan to buy ingredients for the preparation of chicha de jora and frutillada (a variation on chicha that uses fresh strawberries for flavoring), such as corn, sugar, and yeast. She is happy for the loan and promises that she will make her payments on time.
View original language description ↓
Gregoria continúa en el negocio de elaboración y venta de chicha de jora. Ella tiene una pequeña picantería donde trabaja desde las 8:00 a.m. hasta las 5:00 p.m. Por medio de este negocio saca adelante a su familia. Su sueño es ampliar y mejorar el negocio de picantería (Estableciendo donde se expende chicha de jora). Solicita el crédito para comprar insumos para preparar chicha de jora y frutillada como: maíz, azúcar y levadura. Está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Gregoria lives in the historic city of Cusco, which is in the Department of Cusco, Peru. She prepares and sells “chicha de jora” (a beverage made of corn). Gregoria has a small eatery that is open from 11am until 9pm where she… More from Gregoria'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
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,963,825
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Gregoria to buy corn, sugar, and yeast.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013