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Rocio

Update on Rocio

Rocio is continuing her participation in the communal bank "Reyna de Los Angeles de Urquillos" and continues to run her bakery, restaurant and bar. She has had this business for many years, and things are going very well thanks to the effort she puts into her work.

She is currently seeking a loan to purchase tables and chairs for her restaurant. She is grateful for this opportunity and promises to repay her loan on schedule.
View original language description ↓
Rocio continua con el banco comunal “REYNA DE LOS ANGELES DE URQUILLOS” y con el negocio de panadería, restaurante y bar. Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad requiere el préstamo para implementar el restaurante pues desea comprar sillas y mesas. La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Rocio belongs to the “Reyna de los Angeles de Urquillos" communal bank, located in Cusco district, which is part of Cusco province in Cusco department. She is 31, married, and has three children. She alternates her daily activities with her bakery business. She sells breads and pastries in her… More from Rocio'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 $975 helped Rocio to buy tables and chairs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013