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Lucila

Update on Lucila

Member Lucila belongs to communal bank Road to Success-Santiago. She continues with her meal business which sells to a private institution close to where she lives. She has had this business for many years and has been very successful thanks to the hard work she puts in everyday. She is able to provide for her family with this business.
She requested the loan to buy ingredients such as flour, sugar, milk, etc. for her business.
She is thankful for the offered loan and commits to pay back the loan in the monthly installments.
View original language description ↓
La socia es la señora Lucila,la socia pertenece al banco comunal RUMBO AL EXITO - SANTIAGO,la socia continua dedicandose al negocio de elaboracion y venta de alimentos,para luego distribuirlo a una institucion educativa privada que son clientes de la socia,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,siendo de esta forma que la socia saca adelante a su familia.
La socia solicito el credito para la compra de insumos como harina,azucar,leche entre otros para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir cumplir con sus cuota establecidas.

Previous Loan Details

Lucila, 55, is the mother of four children. She lives in Santiago del Cusco district. She makes snack food to sell in a private school. Lucila will use the requested loan to buy her youngest son a computer; he’s just recently started university. She is very grateful to KIVA for helping with her… More from Lucila'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
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,988,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Lucila buy ingredients such as flour, sugar, milk, etc. for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Lucila. It was first posted on Kiva on Sep, 2012. Learn More