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Ofelia

Update on Ofelia

The borrower is Ofelia. She belongs to the "Nueva Luz del Mañana" communal bank, and is continuing with her business buying and selling gift items. She has been in this business for years, and it is going well thanks to the effort she devotes to it each day.

She sells various products such as stuffed animals, ornaments and other things, as this the way she is raising her family. The borrower is applying for the loan to buy merchandise such as stuffed animals, toys, and other items.

She feels grateful for the loan granted, and promises to make the agreed installment payments.
View original language description ↓
La socia es la Sra. Ofelia; La socia pertenece al banco comunal NUEVA LUZ DEL MAÑANA II,la socia sigue con su negocio de compra y venta de articulos de bazar, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia vende diferentes productos como peluches,adornos entre otros,siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de mercaderia como peluches y juguetes entre otros.

La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

The member is Ofelia. The member continues with her business of buying and selling gift items. She sells gifts, small ornaments, dishes, furry stuffed animals, and toys among other items The member wants at this time to use the money from a loan to buy supplies to be used in her busin... More from Ofelia'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

  • $12,000
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Ofelia to buy merchandise such as stuffed animals, toys and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013
This photo was used before for a previous loan for Ofelia. It was first posted on Kiva on Dec, 2011. Learn More