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Irene

Update on Irene

The loan recipient continues with her restaurant business. She has been in this business for years, and it is going well for her thanks to the daily effort she puts into it. She prepares breakfasts, lunches and dinners. She makes different types of dishes like chicken and rice, beef stir fry, and soups, among others. She is a responsible person, and this is the way she gets her family ahead.

She is requesting the loan to buy supplies like rice and cooking oil, among others. She pledges to make her payments in the established time period.
View original language description ↓
La socia continua con su negocio de restaurante ,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 prepara desayunos,almuerzos y cenas,la socia prepara diferentes tipos de platos como arroz, con pollo,saltados,sopas entre otros,la socia es una persona responsable siendo de esta forma que la socia saca adelante a su familia.

La socia solicita el credito para la compra de insumos como arroz,aceite entre otros.
La socia se compromete a hacer sus pagos en el plazo establecido.

Previous Loan Details

The loan recipient continues with her business, a restaurant where she prepares breakfasts, lunches and dinners. She makes dishes like arroz con pollo [chicken and rice], beef stir fry and soups. She works from 8:00am to 6:00pm. She has been in this business for 6 years and her dream is to have a... More from Irene'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
  • 90
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Irene to buy supplies like rice and cooking oil, among others.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013