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Norma Eulogia

Update on Norma Eulogia

Norma belongs to the communal bank “Qorichuspas” of the city of Cusco, Perú. Norma continues to make a living selling educational materials for children. Norma, on this occasion and being the end of the year, is requesting a loan to buy clothing for babies and children, to take advantage of the Christmas season and sell her products in the different markets of the city.

Norma is very grateful to Kiva for allowing her to have an extra income and helping to sustain her home.
View original language description ↓
Norma es La socia que pertenece al banco comunal “QORICHUSPAS” de la ciudad del Cusco – Perú. Norma continúa dedicándose a la comercialización de material educativo para niños. Norma en esta oportunidad y por ser fin de año, está solicitando su préstamo para comprar ropa para bebés y niños y aprovechar la campaña navideña y comercializar sus productos en las diferentes ferias de la ciudad. Norma está muy agradecida con KIVA por permitirle tener un ingreso extra y ayudar con el sustento de su hogar.

Previous Loan Details

The businesswoman continues to be in sales of educational materials, such as books, stories, and pencils among other educational items. She works from 9:00am until 6:00pm, and with this business she is able to help her children get ahead. The woman would like to have a shop in which she would b... More from Norma Eulogia'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
  • 80
    View loans »
    Peru Loans Fundraising
  • $55,213,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Norma Eulogia to buy clothing for babies and children.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013