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Octavia

Update on Octavia

Octavia is continuing with her livestock business, and also her business providing inter-province transportation services. She has cows that she sells in the different markets. She's had this business for 7 years already, and it is going very well.

Octavia's dream is to expand her livestock business. She is requesting a loan to buy a cow.

Octavia is pleased to be getting this loan, and she promises to comply with the payment terms.
View original language description ↓
La socia se sigue dedicando al negocio de ganaderia y tambien sigue brindando servicio de transporte interprovincial,la socia tiene ganados y los vende en las diferentes ferias,la socia ya tiene 7 años en este negocio y le va muy bien,el sueño de la socia es ampliar el negocio de ganaderia.La socia solicita el credito para comprar un ganado.

La socia esta feliz con el credito otorgado y se compromete a cumplir con los pagos de sus cuotas.

Previous Loan Details

Octavia's business is still cattle farming and providing inter-provinces transportation services. It is her partner who drives the car. Octavia is a responsible person who is very willing to continue working for her family. She wants the loan to buy tires for her car. More from Octavia'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
  • 78
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Octavia to buy a cow.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013