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Medi Flavia

Update on Medi Flavia

She is still running her bakery and still renting the oven to make a variety of breads which she then sells in the main square and at markets. She works from 8 a.m. to 5 p.m., and has been running her business for 7 years. Her business is doing well. Her dream is to expand her bakery. She is requesting a loan to buy supplies such as butter, sugar, and flour to make bread.
She is happy with the loan and is committed to making the repayments.
View original language description ↓
La socia se sigue dedicando al negocio de panaderia,ella sigue alquilando un horno y prepara diferentes tipos de panes y luego lo vende en la plaza de armas o mercados,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 7 años en este negocio y le va muy bien,el sueño de la socia es ampliar el negocio de panderia.La socia solicita el credito para comprar insumos para preparar pan como manteca,azucar y harinas.

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

Previous Loan Details

Sra. Medi Flavia is a member of the Communal Bank “Virgen Estrella de Oropesa” which is located in the District, Province, and Department of Cusco.

She is 37 years old, married, and has two children. Medi Flavia divides her time between her daily activities and her bakery business. She… More from Medi Flavia'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
  • 67
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Medi Flavia to buy supplies such as butter, sugar, and flour to make bread for her bakery.
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 Medi Flavia. It was first posted on Kiva on Oct, 2011. Learn More