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Nilda Araceli

Update on Nilda Araceli

The borrower, Nilda, is still working in the business of breeding and selling guinea pigs. She fattens them and then later sells them in various locations and markets. She works from 8:00AM until 5:00PM. She has been in this business for 7 years and is doing very well. Her dream is to have a facility where she can sell guinea pigs. The borrower is asking for a loan to buy guinea pigs.

She is happy about the loan and she promises to comply with the payment plan.
View original language description ↓
La socia Nilda se sigue dedicando al negocio de crianza y comercializacion de cuyes,la socia los hace engordar y crecer y luego los vende en las diferentes lugares o mercados,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene 7 años en este negocio y le va muy bien,el sueño de la socia es tener un local donde pueda vender los cuyes.La socia solicita le credito para comprar cuyes.

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

Previous Loan Details

Nilda is a member of the “Manos Juntas” (Hands Together) communal bank in the city of Cusco, Peru del Cusco, Peru. She’s a young, 37-year-old mother of three little ones, two of which attend school and a baby girl. Nilda works raising and selling small farm animals, especially guinea pigs; she ... More from Nilda Araceli'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
  • 36
    View loans »
    Peru Loans Fundraising
  • $55,833,225
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Nilda Araceli to buy guinea pigs to fatten and sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 22, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Nilda Araceli. It was first posted on Kiva on Dec, 2012. Learn More