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Victoria

Update on Victoria

Victoria continues to work in her business, making chicha de jora (a corn-based liquor) and selling vegetables. She also has a grocery store. She works from 8:00 a.m. until 6:00 p.m. Her dream is to expand her grocery store. She has applied for a loan to buy sugar, milk, rice, and oil for the store.

She is grateful to those who are becoming part of her dream through this loan, and she is committed to paying her installments within the established timeframe.
View original language description ↓
La socia se sigue dedicando al negocio de elaboracion de chicha de jora y venta de verduras y tambien tiene su tienda de abarrotes,la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia trabaja desde las 8:00 a.m hasta las 7:00 p.m,el sueño de la socia es amplar el negocio de tienda de abarrotes.La socia solicita el credito para comprar azucar,leche,arroz y acite para su tienda de abarrotes.

Agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

This member lives in the province of Urubamba, administrative division of Cusco. She is 34 years old and is married with three children. She belongs to the communal bank “Señor de Huanca” of the "Asociación Arariwa". Her main economical activity is the preparation of traditional corn liquor and t... More from Victoria'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

  • $12,000
    Average annual income
  • 115
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Victoria to buy sugar, milk, rice, and oil for her grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Jun 2, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Victoria. It was first posted on Kiva on Dec, 2012. Learn More