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

Update on Nelly

Nelly continues making a living making and selling bread. She sells her bread in the town square. She works from 8 a.m. until 5 p.m., and has been in the business for six years. Her dream is to have a place to sell bread.

She's requesting the loan to buy supplies to make bread, such as flour, butter, and sugar.

She's happy about the loan and pledges to make her payments punctually.
View original language description ↓
La socia se sigue dedicando al negocio de venta y elaboracion de panes,la socia los panes lo vende en la plaza de armes,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.mla socia ya tiene 6 años en este negocio,el sueño de la socia es tener un local para vender panes.La solicita el credito para comprar insumos para preparar pan como harina,mantequilla y azucar.

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

Previous Loan Details

Nelly is a member of the 'Virgen Estrella de Oropesa' community bank which is located in Cusco district, in Cusco province and department. Nelly is 31 years old, married, and has two children. She divides her time between her daily activities and her business making and selling bread. She… More from Nelly'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
  • 76
    View loans »
    Peru Loans Fundraising
  • $54,535,100
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Nelly to buy flour, butter, sugar, and ingredients to make bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013
This photo was used before for a previous loan for Nelly. It was first posted on Kiva on Oct, 2011. Learn More