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Jovita

Update on Jovita

The member Jovita continues to work in her business of buying and selling grains like wheat and corn, among others. At the same time she continues with her other hardware store business, which is doing well thanks to the work that she puts in every day. Jovita is a very responsible and hardworking person, and she hopes to be able to continue working in this way to support her family. She requests the loan to buy grains like barley, among others. She feels grateful for the loan being given to her, and she promises to make her monthly payments.
View original language description ↓
La socia Jovita continua dedicándose al negocio de compra y venta de granos como trigo, maíz entre otros, la socia a la vez continua con su otro negocio de ferretería, él cual le va bien gracias al empeño que le pone cada dia, la socia es una persona responsable y empeñosa, la socia desea poder seguir trabajando para de esta manera seguir apoyando a su familia.
La socia solicita el crédito para la compra de granos como cebada entre otros.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir los pagos de su cuota.

Previous Loan Details

Jovita continues her business of buying and selling grains. She sells wheat, barley, and corn. She has been in this business for several years now and it is going well for her, as is her other business, a hardware store. Her dream is to have a physical store where she can sell grain. She reuq... More from Jovita's previous loan »

Additional Information

More information about this loan


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
  • 102
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Jovita to buy grains like barley, among others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014