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Alicia Fotunata

Update on Alicia Fotunata

Alicia continues working in her restaurant business. She makes lunch and dinner, working from 11 a.m. until 9 p.m. She makes baked chicken, soup, and various other dishes. Her dream is to expand her restaurant.

She's requesting the loan to buy rice, meat, chicken, vegetables, and other products to cook.

She's happy about the loan and pledges to make her payments on time.
View original language description ↓
La socia se sigue dedicando al negocio de restaurant,ella prepara almuerzos y cenas,la socia trabaja desde las 11:00 a.m hasta las 9:00 p.m,al socia preprara diferentes platos como pollo al horno,caldos entre otros platos,el sueño de la socia es ampliar el negocio de restaurant.La socia solicita le credito para comprar productos para cocinar como arroz,carne,pollo y verduras.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Alicia is a member who continues to participate in the Communal Bank “Virgen Estrella de Oropesa” with Asociación Arariwa. She still manages her restaurant where she serves food for lunch and dinner. With her previous loan, she was able to increase her operating capital. The loan she is reques... More from Alicia Fotunata'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
  • 113
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Alicia Fotunata to buy rice, meat, chicken, vegetables, and other products to cook.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013
This photo was used before for a previous loan for Alicia Fotunata. It was first posted on Kiva on Apr, 2012. Learn More