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Irene

Update on Irene

This client continues working in the restaurant business. She’s a responsible, hardworking person.

She makes breakfasts, lunches and dinners for her customers that request them. She prepares various dishes like rice and chicken, stews and soups, among others. She varies her meals daily for her customers.

She’s been in business for years and it provides both economic and personal satisfaction. She’d like to be able to continue working in order to be able to continue supporting her family.

She needs the loan to buy supplies like rice, oil and others. She commits to make her payments as scheduled.
View original language description ↓
La socia sigue dedicándose a su negocio de restaurante ,la socia es una persona responsable y empeñosa ,la socia prepara desayunos, almuerzo y cenas para sus clientes que le solicitan, la socia prepara diversos platos como arroz con pollo, estofados, sopas entre otros, cada día varia la comida para sus clientes, la socia lleva años con su negocio el cual le trae satisfacciones tanto económicas como personales, la socia desea poder seguir trabajando para de esta forma pueda seguir apoyando a su familia.
La socia solicita el crédito para la compra de insumos como arroz ,aceite y otros.
La socia se compromete a hacer sus pagos en el plazo establecido.

Previous Loan Details

The loan recipient continues with her restaurant business. She has been in this business for years, and it is going well for her thanks to the daily effort she puts into it. She prepares breakfasts, lunches and dinners. She makes different types of dishes like chicken and rice, beef stir fry, a... More from Irene'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
  • 96
    View loans »
    Peru Loans Fundraising
  • $57,954,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Irene to buy ingredients like rice, oil and others.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Irene. It was first posted on Kiva on Feb, 2013. Learn More