Check out some available loans that are similar to this one!
Leocadia

Update on Leocadia

Leocadia continues her work traveling around selling milk, and also makes a living selling cattle. She now has eight years of experience in this trade, and business is going well. Her dream is to one day have her own store where she can sell milk.

Leocadia plans to use the support from this loan to purchase milk for resale, and promises to make all scheduled loan repayments on time. She is very grateful for this opportunity.
View original language description ↓
La socia se sigue dedicando al negocio de venta de leche,la socia vende en forma ambulatoria llevando a diferentes lugares,la socia tambien se dedica al negocio de venta de ganados,la socia ya tiene 8 años en este negocio y le va muy bien,el sueño de la socia es tener un local donde pueda vender la leche.La socia solicita el credito para comprar leche.

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

Previous Loan Details

The member continues working selling milk; she sells her product as a street vendor in different markets that are made during the weekends in the district of Cusco. At the same times she is also in the cattle business, she breeds cows to sell to the customers. The member is a responsible and eage... More from Leocadia'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
  • 75
    View loans »
    Peru Loans Fundraising
  • $55,215,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Leocadia to purchase milk for resale at her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Leocadia. It was first posted on Kiva on Jul, 2012. Learn More