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Celia

Update on Celia

Celia sells prepared food and drinks in her restaurant, which is where she focuses her activity. As before, she is requesting this loan so she can buy meat, rice, dried beans, vegetables, and other supplies.
View original language description ↓
Celia se dedica al negocio de venta alimentos y bebidas en su restaurante, negocio con el cual ha podido consolidar su actividad. Celia en esta como en anteriores oportunidades está solicitando el préstamo para comprar insumos como por ejemplo carne, arroz, menestras, verduras y otras cosas mas.

Previous Loan Details

Celia belongs to the communal bank “Los Diamantes” from the city of Cusco, Peru. She continues to make a living through food and drink sales in her restaurant, a business with which she has been able to consolidate her activity. Celia on this as on previous occasions is requesting the loan to ... More from Celia'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
  • 84
    View loans »
    Peru Loans Fundraising
  • $55,189,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Celia to buy supplies such as meat, rice, dried beans, vegetables, and other things.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014