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Zoila

Update on Zoila

Zoila continues with her business selling food; she sells breakfast, lunch and dinner, She prepares various types of food. She works from 10:00 AM until 8:00 PM so that her business will be sucessful. She dreams of having a restaurant. She seeks a loan to buy ingredients to prepare her food such as chicken, beef, and vegetables. Zoila is happy for the loan and promises to make her payments.
View original language description ↓
La socia Zoila se sigue dedicando al negocio de venta de comida, la socia vende desayunos, almuerzos y cenas, la socia prepara distintos tipos de comida, la socia trabaja desde las 10:00 a.m hasta las 8:00 p.m,la socia por medio de este negocio quiere salir adelante, él sueño de la socia es tener un restaurant. La socia solicita el crédito para comprar insumos para preparar la comida como pollo, carne y verduras.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de sus cuotas.

Previous Loan Details

Zoila continues in the communal bank “Virgen Purificada de Angostura” (Virgin Purified of Angostura) and with the sale of food; cooking breakfast, lunch and dinner but also typical dishes of the region, such as rice with chicken, chicken stew, sfuffed hot perppers, breaded, “lomo saltado” (marina... More from Zoila'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.

Tags

About Peru

  • $6,715
    Average annual income
  • 67
    View loans »
    Peru Loans Fundraising
  • $54,600,625
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Zoila to prepare food such as chicken, beef, and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Zoila. It was first posted on Kiva on Feb, 2013. Learn More