Update on ZoilaSra. Zoila is a member of the Communal Bank named “Renacer” (To Be Reborn), which is located in the District of Huanchac in the Province and Department of Cusco.
Zoila continues her business of selling beauty products. She has been in this line of work for years and is doing well thanks to the effort she puts into her business each day. Zoila sells her products to friends, relatives, and customers who place orders with her. She works by submitting orders through catalogs. Zoila is also a teacher by profession, so working in this manner enables her to move her family forward.
Zoila is requesting a loan so that she can buy perfumes and colognes for her business. She is grateful for the loan that has been provided and promises to complete her payments according to the established terms.
La socia es la Sra: Zoila, la socia continua con su negocio de venta de productos de belleza,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 a sus amistades,familiares,clientes que le solicitan,la socia trabaja a pedido por catalogos, a la vez la socia es docente de profesion, siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de perfumes y colonias para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsThe communal bank is called RENACER (To be Reborn) and is located in Huanchac District which belongs to Cusco Province, Cusco Department. The member is Zoila, 49. She’s single and has a daughter. She’s worked for the last three years selling items via catalogue. She sells beauty products,… More from Zoila'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Dec 20, 2012
- Feb 1, 2013
- Currency Exchange Loss:
- May 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.