Check out some available loans that are similar to this one!
Vicenta

Update on Vicenta

Vicenta continues to buy and sell wood and make furniture, tables, doors, and closets, as she has been successfully doing for the past seven years. The business has allowed her to support her children. She dreams of expanding her business and is applying for a loan to buy wholesale wood. She is pleased to have a loan and promises to make her payments.
View original language description ↓
La socia se sigue dedicando al negocio de compra y venta de madera,al socia tambien fabrica muebles,mesas,puetas y roperos,la socia ya tiene 7 años en este negocio y le va muy bien,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar el negocio de compra y venta de madera.La socia solicita el credito para comprar madera al por mayor.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Here is a member of the communal bank "Illary III". It is located in the district of Cusco, belonging to the province of Cusco and the department of Cusco. Her name is Vicenta. She is 50 years old, single, and she has 3 children. She alternates her daily activities with her busienss buying and… More from Vicenta'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
  • 33
    View loans »
    Peru Loans Fundraising
  • $54,501,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Vicenta to buy wholesale wood.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Jan 6, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013
This photo was used before for a previous loan for Vicenta. It was first posted on Kiva on Jul, 2011. Learn More