Update on FelicitasFelicitas continues living in the city of Huancarani in the province of Paucartambo, where she performs all types of work. She continues to sell groceries from her small grocery store located in her home. It has already been many years that she has worked in this business, and it has been going very well thanks to the determination she puts into her work. She is also now dedicated to raising young animals, such as guinea pigs and pigs.
At this time, Felicitas requires a loan to buy more merchandise, such as oil, noodles, sweets, bags of sugar, bags of noodles, bags of rice, and other things.
Felicitas continues in the community bank “Mamacha Rosario” in the microfinance organization Asociación Arariwa, and she is thankful for the opportunity offered through this group. As a result, she promises to make repayments according to the repayment schedule.
En esta oportunidad Felicitas requiere el préstamo para comprar más mercadería como por ejemplo aceite, fideos, golosinas, sacos de azúcar, sacos de fideos, sacos de arroz y otras cosas más.
Felicitas continua en el banco comunal “Mamacha Rosario” 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 DetailsFelicitas was born in the Kosñipata district in the Paucartambo province of the department of Cusco. She is thirty-four years old and married with three children. Felicitas lives in the city of Huancarani in the Paucartambo province, where she performs many kinds of jobs. She sells foodstuffs in… More from Felicitas's previous loan »
More information about this loan
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jun 11, 2013
- Jun 29, 2013
- Currency Exchange Loss:
- Nov 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.