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Grety

Update on Grety

Grety continues to run her business selling clothing, particularly sweaters, pants, and blouses. She works from 8:00am until 5:00pm every day. She has several years of experience in this work, and it's going well for her. Her dream is to expand her clothing sales business. This loan will be used to purchase sweaters, pants, and blouses. Grety is happy about the loan, and she is committed to making her payments on time.
View original language description ↓
La socia Grety se sigue dedicando al negocio de venta de ropa,la socia vende chompas,pantalones y blusas,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene varios años en este negocio y le va muy bien,el sueño de la socia es ampliar el negocio de venta de ropa.La socia solicita el credito para comprar chompas,pantalones y blusas.

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

Previous Loan Details

This member was born in the province of La Convención, but she lives in the town of Cusco. She's 34 years old. She's in a common law marriage and has a son from this beautiful relationship. She's a member of the "Santa Rosita de Kima" communal bank of Asociación Arariwa. Her main business is sel... More from Grety'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

  • $6,715
    Average annual income
  • 51
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Grety buy sweaters, pants, and blouses for resale.
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 Grety. It was first posted on Kiva on Dec, 2012. Learn More