Update on PetronaPetrona continues to sell typical food (fried chicken, fried trout, chicken with noodles, stuffed peppers, sheep's head soup, adobo (spicy pork), fried chops, huancaína potatoes, huacho lima beans, chiriuchu (a dish made from corn tortilla, chicken, toasted corn, pork sausage, cheese and baked guinea pig), and others. She has had these businesses for several years, and it is going very well for her.
On this occasion Petrona needs the loan to buy supplies (sacks of rice, sacks of sugar, cooking oil, vegetables, and other things) in order to prepare more food dishes.
Petrona is a member of the "Los Girasoles de Rumichaca Baja" communal bank, made up of members who live in the Rumichaca Baja settlement, where they carry on their business activities.
Previous Loan DetailsPetrona was born in Puno department, but currently she resides in the settlement of Rumichaca Baja. This village is located in the district of Urubamba, in Urubamba province, in Cusco department, Peru. Petrona is 53, married, and has eight children. She sells traditional food in one of the mos... More from Petrona's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid