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Asunta

Update on Asunta

Asunta continues working on her business buying and selling corn. She sells corn in many different markets. She works from 8am to 6pm. She has worked on this business for 5 years and it is going very well. She dreams of having a place where she can sell her corn. She is seeking this loan to buy corn. She is content with the loans and promises to make her payments on time.
View original language description ↓
La socia Asunta se sigue dedicando al negocio de compra y venta de maiz,la socia lo vende en los diferentes mercados,la socia trabaja desde las 8:00 a.m hasta las 6:00 p.m,la socia ya tiene 5 años en este negocio y le va muy bien,el sueño de la socia es tener un local donde pueda vender el maiz.La socia solicita el credito para comprar maiz.

La socia esta contenta con el credito y se compromete a cumplir los pagos de su cuota.

Previous Loan Details

Asunta is 50 years old and was born in the city of Paucartambo, in Cusco department. (Paucartambo is three hours from the city of Cusco). Asunta currently lives in the city of Calca. She is married and has three children from her marriage. (The city of Calca is noted for its beautiful country... More from Asunta'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
  • 113
    View loans »
    Peru Loans Fundraising
  • $57,923,600
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Asunta to buy corn.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Asunta. It was first posted on Kiva on Jun, 2012. Learn More