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Famy

Update on Famy

Famy continues to work in the hotel business. She works from 8.00am until 6.00pm. Famy has been working in this business for 8 years and things are going well for her. She wants to use this business to get ahead, and her dream is to expand her hotel business. She is asking for a loan to buy sheets, bedspreads and blankets.

Famy is happy about the loan and she is committed to making her repayments on time.
View original language description ↓
La socia se sigue dedicando al ngeocio de hotel,la socia trabaja desde las 8:00 a.m hasta als 6:00 p.m,la socia ya tiene 8 años y le va muyn bien,la socia por medio de este negocio quiere salir adelante,el sueño de la socia es ampliar el negocio de hotel.La socia solicita el credito para comprar sabanas,colchas y frazadas.


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

Previous Loan Details

She continues in the hotel business. She works from 8am until 6pm and also manages the hotel. She’s been in business 8 years and wants to move her children forward by means of this business. Her dream is to expand the hotel business. She’s asking for the loan to buy sheets, bedspreads and… More from Famy'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
  • 79
    View loans »
    Peru Loans Fundraising
  • $54,535,100
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Famy to buy sheets, bedspreads and blankets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013