Update on PlacidaCredit group member Placida continues to work baking bread. She has been doing this job for quite a while now. The work gives her financial, as well as personal, benefits. She belongs to the “Virgen Asunta de Oropesa” communal bank, part of Asociación Arariwa.
She bakes bread to later sell to customers who request it. She is a responsible person, which is why she has managed to get her family ahead.
She is asking for this loan to buy ingredients such as flour and butter, among others.
Placida expresses her thankfulness for this loan and is committed to making her payments according to the agreed-upon schedule.
La socia Placida continua dedicándose al negocio de elaboración de pan, la socia lleva buen tiempo dedicándose a este negocio el cual le trae satisfacciones tanto económicas como personales, la socia pertenece al banco comunal “Virgen Asunta de Oropesa” de la Asociación Arariwa.
La socia elabora los panes para luego venderlos a sus clientes que le solicitan, la socia es una persona responsable, siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el crédito para la compra de insumos como harina, mantequilla entre otros.
La señora Placida agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsPlacida is 46 years old, is married and has six children as a result of this relationship. She was born and lives in the town of Oropesa, 30 minutes from the city of Cusco. Her economic activity as a member (of the communal bank) is the making of “Oropesa” bread (a traditionally-made, well-known… More from Placida's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jan 14, 2014
- Jan 31, 2014
- Currency Exchange Loss:
- Aug 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.