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Matilde

Update on Matilde

She continues as a member of the “Virgen Concebida de Arin” communal bank and raising small farm animals (guinea pigs, chickens, pigs and ducks) and selling vegetables (coriander, parsley, oregano and others. She’s been doing this for several years now and does very well. She’s asking for a loan to buy feed (grass, forage, concentrate and vitamins) for her animals. She’s a responsible, kind person who supports her family and who is happy about the loan and commits to make her payments.
View original language description ↓
La socia continúa en el banco comunal “Virgen Concebida de Arin”, con la crianza de animales menores (cuyes, gallinas, cerdos y patos) y con la venta de verduras (culantro, perejil, orégano y otros). Ya son varios años que se dedica al negocio y le va muy bien. Solicita el préstamo para comprar alimento (pasto, forraje, concentrados y vitaminas) para sus animales. Es una persona responsable y amable que saca adelante a su familia y está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

In the city of Calca, in Cusco department, there is a community called Arin. This place is known for its beautiful landscape, its cuisine, and the warmth of its people. Here a group of neighbors formed a community bank called 'Virgen Concebida de Arin'. One of the bank's members, Matilde, wa... More from Matilde'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
  • 116
    View loans »
    Peru Loans Fundraising
  • $56,069,725
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Matilde to buy animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013