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Carmen

Update on Carmen

Carmen lives in the city of Oropesa, south of Cusco, and it is going very well for her. She is an enterprising and responsible woman who continues to makes a living helping to prepare bread. It has already been many years that she has been working with the bakery and it is going excellently thanks to the determination she applies to her work. Carmen also makes a living raising small animals such as chickens and guinea pigs. In this opportunity, she requires the loan to purchase guinea pigs.

Carmen belongs to the communal bank “Ricchariy Puririsun” from the Arariwa Association, and she is thankful for the opportunity provided by this means. She promises to complete her scheduled payments on time.
View original language description ↓
Carmen vive en la ciudad de Oropesa al sur de Cusco y le va muy bien. Ella es una mujer emprendedora y responsable que sigue dedicándose ayudar a preparar pan. Ya son varios años que trabaja en el horno y le va exclente gracias al empeño que pone en su trabajo. Carmen también se dedica a la crianza de animales menores como gallinas y cuyes. En esta oportunidad requiere el préstamo para comprar cuyes.

Carmen pertenece al banco comunal “RICCHARIY PURIRISUN” de la Asociación Arariwa y se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

Carmen is a responsible and enterprising woman that helps making bread. She has worked for several years now in the bake shop and is doing very well. Carmen continues to run a small independent business, raising farm animals such as hens. This time, she is requesting a loan to buy hens. Carmen ... More from Carmen'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
  • 66
    View loans »
    Peru Loans Fundraising
  • $54,600,625
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Carmen to purchase guinea pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2014
Listed
Feb 28, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014
This photo was used before for a previous loan for Carmen. It was first posted on Kiva on Apr, 2013. Learn More