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Carmen

Update on Carmen

Carmen is a responsible and enterprising woman that helps making bread. She has worked for several years now in the bake shop and is doing very well. Carmen continues to run a small independent business, raising farm animals such as hens. This time, she is requesting a loan to buy hens.

Carmen is a member of the communal bank "Ricchariy Puririsun," which is part of Asociación Arariwa. She feels grateful for the opportunity she has received and promises to pay the installments according to plan.
View original language description ↓
Carmen es una mujer emprendedora y responsable que sigue dedicándose ayudar a preparar pan. Ya son varios años que trabaja en el horno y le va muy bien. Carmen continua con el pequeño negocio independiente que consiste en la crianza de animales menores como gallinas. En esta oportunidad requiere el préstamo para comprar gallinas.

Carmen pertenece al banco comunal “RICCHARIY PURIRISUN” de la Asociación Arariwa y se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

Carmen continues to earn a living helping make bread. She has worked for a number of years now in the bake shop and it's going very well for her. Carmen tells us that she has a small independent business which consists of caring for small animals such as hens. In this opportunity she needs the lo... More from Carmen'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
  • 128
    View loans »
    Peru Loans Fundraising
  • $56,116,275
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Carmen to purchase hens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013