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Zoila

Update on Zoila

Zoila continues in the communal bank “Virgen Purificada de Angostura” (Virgin Purified of Angostura) and with the sale of food; cooking breakfast, lunch and dinner but also typical dishes of the region, such as rice with chicken, chicken stew, sfuffed hot perppers, breaded, “lomo saltado” (marinated steak with vegetables) among others.

It has been several years since she has been making a living from this business and she is doing well because of her efforts. This time, she needs a loan to buy ingredients such as rice, sugar, vegetables, meat, potato, among others. She is happy with the loan and promises to pay punctually all the payments.
View original language description ↓
Zoila continúa en el banco comunal “Virgen Purificada de Angostura” y con la venta de comida preparar desayuno, almuerzos y cenas pero también prepara platos típicos de la región como por ejemplo arroz con pollo, estofado de pollo, rocoto relleno, apanado, lomo saltado entres otros. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad requiere el préstamo para comprar insumos como arroz, azúcar, verduras, carne, papa y otras cosas más. Está feliz por el préstamo y se compromete a cumplir con los pagos de sus cuotas.

Previous Loan Details

The member works selling food. She prepares breakfast, lunch, and dinner and sells it in the market from 8:00 a.m. to 6:00 p.m. By means of this business, she keeps her family going. The member's dream is to grow her food-selling business. She is requesting the loan to purchase cooking ingred... More from Zoila'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
  • 117
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Zoila to buy ingredients such as rice, sugar, vegetables, meat and potato for her food-selling business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013