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Angelica Susana

Update on Angelica Susana

She continues with her grocery store business selling basic staple items like rice, sugar, milk and oil from 8am until 7pm; she’s been in business 8 years and does very well. She wants to get ahead by means of this business and her dream is to enlarge the grocery store. She requests a loan to buy rice, milk, sugar and noodles. She’s happy with the loan and commits to make her payments.
View original language description ↓
La socia se sigue dedicando al negocio de tienda de abarrotes,la socia vende productos de primera necesidad como arroz,azucar,leche y aceite,la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,la socia ya tiene 8 años en este negocio y el va muy bien,por medio de este negocio la socia quiere salir adelante,el sueño de la socia es ampliar el negocio de tienda de abarrotes.La socia solicita el credito para comprar arroz,azucar,leche y fideos.

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

Previous Loan Details

Mrs. Angelica is 51 years old and is from a humble family of limited economic means. However, she is a very hard-working and motivated woman and for that reason she works selling basic food products and has a grocery store. She lives in the city of Cusco in the State of Cusco. She has a store in… More from Angelica Susana'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
  • 70
    View loans »
    Peru Loans Fundraising
  • $54,533,225
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Angelica Susana to buy stock merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Angelica Susana. It was first posted on Kiva on Aug, 2012. Learn More