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Laura

Update on Laura

Laura continues with the communal bank "Reyna de los Angeles" in the province of Urabamba in Cusco, Peru. She has a grocery store in which she dispenses products in high demand like rice, sugar, noodles and milk among other produts. Laura is taking this opportunity to invest the requested loan to buy merchandise and supply her business. The member is thankful for the loan and promises to complete the payments in accordance with the payment schedule.
View original language description ↓
Laura continua al banco comunal “Reyna de los Angeles” de la provincia de Urubamba en Cusco – Perú. Ella tiene una tienda de abarrotes en la cual expende productos de primera necesidad como arroz, azúcar, fideos y leche entre otros productos. Laura en esta oportunidad invertirá el préstamo solicitado para comprar mercadería y surtir su comercio. La socia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

Previous Loan Details

Our associate Laura belongs to the communal bank "Reyna de los Angeles" in the province of Urubamba, Peru. Our associate has a grocery store where she sells basic necessities such as rice, sugar, beans, milk and other products. With this opportunity, Laura will invest her loan in the purchase of… More from Laura'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
  • 67
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Laura to by rice, sugar, noodles and milk among other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Laura. It was first posted on Kiva on Jul, 2012. Learn More