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Bernardina

Update on Bernardina

Bernardina is grateful to investors for her previous loan and is pleased at the support provided. She continues selling natural herbal health products. She also continues working in a dental office. She has had her business for several years and it is going very well.

At this time she needs another loan in order to buy natural products.
View original language description ↓
Bernardina agradece a los inversionistas por el préstamo anterior y se siente contenta por el apoyo brindado, ella sigue vendiendo productos naturales a base de hierbas que son útiles para la salud, ella también sigue trabajando en un consultorio dental. Ya son varios años que se dedica a este negocio y le va muy bien. En esta oportunidad requiere el préstamo para comprar productos naturales.

Previous Loan Details

The member is continuing with her business selling natural herbal products that are useful for health. She is also still working in a dental office. She has already been in this business for seven years and it is going very well. Her dream is to expand her natural products sales business. She… More from Bernardina'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
  • 78
    View loans »
    Peru Loans Fundraising
  • $54,535,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Bernardina to purchase natural products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Bernardina. It was first posted on Kiva on Jan, 2013. Learn More