Update on SimeonaThe partner Simeona continues working in the business of making bread. She has been working in the business for awhile which has gone well for her thanks to the determination she applies every day in her work. She belongs to the communal bank “Virgen Asunta de Oropesa,” of the Asociación Arariwa. She prepares breads to then sell to customers who request them. She is a responsible person, and she desires to be able to continue working in this way, to continue supporting her family. She is requesting the loan to buy supplies like flour and sugar, among other things. Simeona appreciates the loan and promises to make the payments according to the payment schedule.
La socia Simeona continua dedicándose al negocio de elaboración de pan, la socia lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio, 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, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de insumos como harina, azúcar entre otros.
La señora Simeona agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.
Previous Loan DetailsSimeona is 51 years old, is married, and as a result of this relationship has three children. She was born and lives in the city of Oropesa, 30 minutes from the city of Cusco. Her business is making bread of "Oropesa". Already, several years have been dedicated to this business and it is going ve... More from Simeona'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.