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Francisca

Update on Francisca

The member continues in the business of raising animals such as guinea pigs and chickens. She fattens them and then sells them in the various markets. She has made a living in this business for four years and it's going very well for her. Her dream is to have a place to sell her animals.

She's requesting the loan to buy guinea pigs and chickens.

She's grateful for the loan and committed to making her payments punctually.
View original language description ↓
La socia se sigue dedicando al negocio de crianza de animales como cuyes y gallina,la socia los hace engordar y crecer y luego los vende en las diferentes mercados,la socia ya se dedica a este negocio 4 años y le va muy bien,el sueño de la socia es tener un local donde pueda vender los animales.La socia solicita el credito para comprar cuyes y gallinas.

La socia esta agradecida con el credito y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member, Francisca, runs a business buying and selling milk. She also raises small animals such as guinea pigs and chickens, which she later sells to customers on an order basis. She has been in business for quite some time and it is going well because of her hard work. She is a determined ... More from Francisca'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
  • 55
    View loans »
    Peru Loans Fundraising
  • $54,541,275
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Francisca to buy guinea pigs and chickens.
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
This photo was used before for a previous loan for Francisca. It was first posted on Kiva on Jul, 2012. Learn More