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Libia

Update on Libia

Libia still lives with her family in Challabamba. She is a hardworking, determined, enterprising woman who continues to sell food. She has a small restaurant in her house where she serves breakfast, lunch, and dinner.

She still belongs to the communal bank “Sol Naciente de Mojopata.” She now needs a loan to buy supplies such as sacks of rice, sugar, and noodles and vegetables and meats. She is grateful for and appreciates the loan and promises to make her monthly payments on time. Mojopata is in the Challabamba district of Paucartambo province in Cusco, Peru.
View original language description ↓
Libia continua viviendo con su familia en la ciudad de Challabamba, ella es una mujer luchadora, emprendedora y trabajadora que continua con la venta de comida, ella sigue con el pequeño restaurante en su domicilio donde continua preparando desayunos, almuerzos y cenas. Ella sigue perteneciendo al banco comunal “Sol Naciente de Mojopata” y esta oportunidad requiere el préstamo para comprar insumos como por ejemplo sacos de arroz, sacos de azúcar, sacos de fideos, verduras y carnes.

Agradece y valora el préstamo y se compromete a cumplir con el pago de sus cuotas mensuales con mucha responsabilidad. (La comunidad Mojopata está ubicado en distrito de la Challabamba de la provincia de Paucartambo, Cusco, Perú).

Previous Loan Details

Libia is 41-years old and lives with her family in Challabamba. She is a determined, enterprising and hard-working woman who makes her living selling meals in a small restaurant located in her home. She prepares food for breakfast, lunch and dinner. Libia belongs to the communal bank called “S... More from Libia's previous loan »

Additional Information

More information about this loan


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
  • 89
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Libia to buy supplies such as sacks of rice, sugar, and noodles and vegetables and meats.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Libia. It was first posted on Kiva on Jul, 2013. Learn More