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Antonia

Update on Antonia

Antonia continues to work in her kitchen accessories business and sells things like burners and spare parts for stoves. She works from 8:00 am to 5:00 pm and gets ahead through this business. Her dream is to expand her business and is asking for this loan to buy spare parts and burners.

She is happy about the loan and is committed to making her payments on time.
View original language description ↓
La socia Antonia se sigue dedicando al negocio de venta de accesorios de cocina como hornillas y respuestos para cocinas,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia por medio de este negocio quiere salir adelante,el sueño de la socia es ampliar el negocio de venta de accesorios de cocina.La socia solicita el credito para comprar repuestos y hornillas para cocinas.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Antonia is a member of the “Luz del Sur” (Southern Light) communal bank located in the city of Cusco, Peru. She continues selling stove parts like grates and knobs. On this occasion, Antonia needs the loan to buy merchandise to capitalize her business this way. She’s very grateful to Kiva for ... More from Antonia'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.

About Peru

  • $12,000
    Average annual income
  • 115
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Antonia to buy parts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Antonia. It was first posted on Kiva on Oct, 2012. Learn More