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Lidia Teresa

Update on Lidia Teresa

Lidia continues to dedicate herself to the business of selling rice, sugar, milk, and cooking oil, plus farm animals. She brings these products and the animals to Puerto Maldonado. Lidia has devoted 7 years to her business and it's going well. Her dream is to have her own grocery store.

Lidia is requesting a loan to purchase more rice, sugar, milk, guinea pigs, ducks and chickens. She is happy about the loan and promises to comply with her schedule of payments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de arroz,azucar,leche y aceite,la socia estos productos lleva a puerto maldonado ,la socia tambien lleva animales,la socia ya tiene 7 años en este negocio y le va muy bien,el sueño de la socia es tener una tienda de abarrotes.La socia solicita el credito para comprar arroz,azucar,leche,cuyes,patos y pollos.

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

Previous Loan Details

Lidia Teresa is in the business of selling products like rice, sugar, milk, and cooking oil. She takes the products to places like Puerto Maldonado. She also takes animals like chickens, guinea pigs, and ducks. She has had this business for four years. Her dream is to have a place to sell the… More from Lidia Teresa'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
  • 68
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Lidia Teresa to buy rice, sugar, milk, guinea pigs, ducks, and chickens to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Lidia Teresa. It was first posted on Kiva on Nov, 2012. Learn More