Check out some available loans that are similar to this one!
Olinda

Update on Olinda

Olinda is still raising animals such as chickens, which she fattens and raises to sell at makets and fairs. She has raised 200 pigs since she started her business eight years ago, and things are going well. Her dream is to have a larger space where she can sell chickens. She is applying for the loan to buy chickens and chicken feed. She is thankful for the loan and promises to make her payments.
View original language description ↓
La socia se sigue dedicando al negocio de crianza de animles vomo pollos,la socia los hece engordar y crecer y luego lo vende en las diferentes ferias y mercados ,la socia cria como 200 pollos y en este negocio ya tiene 8 años y le va muy bien,el sueño de la socia es tener un local mas amplio donde pueda vender los pollos.La socia solicita el credito para comprar pollos y alimentos para los pollos.

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

Previous Loan Details

Olinda is a member who continues to participate in the Communal Bank "Virgen Estrella de Oropesa” with Asociación Arariwa. She still raises small animals, such as chickens. With her previous loan, she was able to increase her business capital. For this opportunity, she needs a loan to buy more... More from Olinda'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
  • 113
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Olinda to buy chickens and chicken feed.
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 Olinda. It was first posted on Kiva on Apr, 2012. Learn More