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Sofia

Update on Sofia

Sofia is continuing with her business selling baked bananas and baked ocas, which is a product that is very similar to a potato. She works as a street vendor from 9am until 4pm. She has already had this business for 5 years, and it is doing very well. Sofia's dream is to have her own shop where she could sell her bananas and ocas. She is requesting a loan to buy bananas and ocas.

Sofia is happy to be receiving this loan and promises to make her payments on time.
View original language description ↓
La socia se sigue dedicando al negocio de venta de platanos y ocas al horno que es un producto parecido a la papa,la socia vende en forma ambulatoria desde las 9:00 a.m hasta las 4:00 p.m,la socia ya tiene 5 años en este negocio y le va muy bien,el sueño de la socia es tener un local donde pueda vender los platanos y ocas.La socia solicita le credito para comprar platanos y ocas.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Sofia continues to work selling baked bananas and ocas (similar to a potato). She works as a street vendor from 9.00 am until 4.00 pm, selling from a cart. She has been working in this business for 5 years and it is going very well for her. Sofia wants to use this business to get ahead and her dr... More from Sofia'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
  • 32
    View loans »
    Peru Loans Fundraising
  • $55,917,775
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Sofia to buy bananas and ocas (Andean tubers).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Sofia. It was first posted on Kiva on Oct, 2012. Learn More