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Leonarda

Update on Leonarda

Leonarda continues working in her grocery store business. She has had this business for several years, and it is going well thanks to the hard work she puts into her business every day. She sells different types of products such as rice, sugar, milk, and other items. She wishes to be able to continue working and in this way support her family. The member seeks a loan to buy rice and milk. The member is happy for the loan and promises to make her loan payments.
View original language description ↓

La socia Leonarda sigue dedicándose al negocio de tienda de abarrotes, la socia lleva años dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vende diferentes tipos de productos como arroz, azucar, leche entre otros, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita le crédito para comprar arroz y leche.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Communal bank member Leonarda is 34 years old. She is married and has four children. She has a grocery store where she sells basic products such as rice, sugar, milk, and oil. She has had this business for five years, and it is going very well for her. In her free time she likes to go for walks w... More from Leonarda'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
  • 131
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Leonarda to buy rice and milk.
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 Leonarda. It was first posted on Kiva on Nov, 2012. Learn More