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Benita

Update on Benita

Benita is a farmer and owns several pieces of land where she plants potatoes, corn, barley, lupin and other things. Every once in a while she takes her products and sells them to the resellers in different markets in the city of Cusco. She has several customers that have been buying from her for some years since her products are good quality. Right now she has an order to complete but needs the loan in order to pay the laborers who will harvest the crops. She is grateful for the loan and promises to make her payments punctually.
View original language description ↓
Benita se dedica a la agricultura pues tiene varios terrenos de cultivo donde siembra papa, maíz, cebada, tarwi y otras cosas más, ella de vez en cuando lleva y vende sus productos a las revendedoras de los diferentes mercados de la ciudad del Cusco, ella tiene varios clientes que le compran desde hace varios años atrás pues sus productos son de buena calidad entonces en esta oportunidad tiene un pedido pero requiere el préstamo para pagar a los peones que vas hacer la cosecha. Agradece a todas las personas por el préstamo pues se compromete a pagar puntual sus cuotas.

Previous Loan Details

Benita was born in the community of Mika, but she lives in the community of Viscochoni, thirty minutes from the city of Paucartambo (the community of Mika is located in the district of Colquepata in the province of Paucartambo, department in Cuzco, Peru). She is 75 years old, married and has six... More from Benita'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

  • $6,715
    Average annual income
  • 38
    View loans »
    Peru Loans Fundraising
  • $55,917,775
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Benita to pay the workers who will harvest the crops.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Benita. It was first posted on Kiva on Apr, 2013. Learn More