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Lorenza

Update on Lorenza

This partner continues making a living in the business of selling cheese. She has for years made a living in this business, which goes well for her thanks to the determination that she applies to it every day. She continues making cheeses to distribute to her clients, as they request.

She desires to be able to continue working so that she may continue supporting her family. She requests the loan to buy milk among other things. She is happy with the loan previously granted and is committed to comply with the payment of the installments on the loan.
View original language description ↓
La socia continua dedicándose al negocio de venta de quesos ,la socia lleva años dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia continua elaborando los quesos para de esta manera distribuirlos a sus clientes que le solicitan, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para la compra de leche entre otros.
La socia está contenta con el crédito otorgado y se compromete a cumplir los pagos de su cuota.

Previous Loan Details

Lorenza continues her work making and selling various types of cheese in local markets and fairs. She has six years experience in her trade, and works hard daily from 8:00 every morning until 5:00 every afternoon. Her dream is to one day have her own store where she can sell her cheeses. Lore... More from Lorenza'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.

Tags

About Peru

  • $12,000
    Average annual income
  • 67
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Lorenza to buy milk among other things.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2014
Listed
Aug 1, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2015
This photo was used before for a previous loan for Lorenza. It was first posted on Kiva on Mar, 2013. Learn More