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Ernestina

Update on Ernestina

This member continues to work in her business of selling livestock that produce milk. She also sells the milk in various fairs. She now has ten years in this business and it is going very well for her. Her dream is to expand her business of livestock sales. The member is asking for this loan to buy livestock and livestock feed.

She is happy for this loan and she is committed to complying with her installment payments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de ganados que producen leche y tambien la socia vende leche en las diferentes ferias,la socia ya tiene 10 años en este negocio y le va muy bien,el sueño de la socia es ampliar el negocio de venta de ganados.La socia solicita el credito para comprar un ganado y alimentos para los ganados.

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

Previous Loan Details

She raises cattle that she then sells and she also sells the milk they produce from place to place. She works from 5am until 6pm and has ten years’ experience in the cattle business. In her free time she enjoys playing with her two little children. She wants to get ahead by this means and her ... More from Ernestina'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
  • 97
    View loans »
    Peru Loans Fundraising
  • $55,041,650
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Ernestina to buy livestock and livestock feed.
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 Ernestina. It was first posted on Kiva on Aug, 2012. Learn More