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Zoraida

Update on Zoraida

This member is still working in her grocery store business. She sells basic necessities such as rice, sugar, milk and oil. She works from 8am to 10pm. She has been working in this business for eight years and it is going very well.

Zoraida is requesting this loan to buy rice, sugar, milk and oil at wholesale. She is happy with the loan and is committed to making her payments.
View original language description ↓
La socia se sigue dedicando al negocio de tienda de abarrotes,la socia vende productos de primera necesidad como arroz,azucar,leche y aceite,la socia trabaja desde las 8:00 a.m hasta las 10:00 p.m,la socia ya tiene 8 años en este negocio y le va muy bien.La socia solicita el credito para comprar arooz,azucra,leche y aceite al por mayor.

La socia esta feliz con el credito y se compromete a pagar las cuotas.

Previous Loan Details

The member belongs to the "CHASKA ÑAHUI” community bank. The bank is located in the district of Cuzco, belonging to the province of Cuzco and departament of Cuzco. The member is Zoraida. She is 65 years old, seperated and has 4 children. She has a grocery store where she sells basic necessity... More from Zoraida'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
  • 127
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Zoraida to buy rice, sugar, milk and oil at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013