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Update on Josefina

This borrower, Josefina, continues to dedicate herself to her business selling beer. She has a depot where she sells the beer. At the same time, she is also continuing to operate her restaurant business, where she offers breakfast, lunch and dinner. She has operated her businesses for years now, and they are going well for her thanks to the dedication she puts into them every day. The borrower is a responsible person with a great desire to continue working for her family. She is a responsable and hard-working person, and because of this she is helping her family get ahead.

The borrower is requesting the loan to buy beer on a wholesale basis.

The borrower is grateful for the help that will be provided to her, and accordingly she is committed to making her payments in a disciplined manner.
View original language description ↓
La socia Josefina, La socia continua dedicandose al negocio de venta de cerveza,la socia tiene un deposito donde vende la cerveza, a la vez tambien sigue dedicandose al negocio de restaurante,la socia ofrece desayunos,almuerzo y cena,la socia lleva años dedicandose a sus negocios los cuales le va bien gracias al empeño que le pone cada dia,la socia es una persona responsable con muchas ganas de continuar trabajando por su familia,la socia es una personsa responsable y empeñosa siendo de esta manera que la socia saca adelante a su familia.

La socia solicita el credito para la compra de cerveza al por mayor.

La socia agradece el apoyo que se le otorgara y así mismo se compromete a cumplir de manera disciplinada con los pagos de las cuotas.

Previous Loan Details

Josefina, 62, belongs to the “María Elena Moyano” communal bank that’s located in Huanchac District in Cusco Province and Department. She is married and has a 36-year-old son. She tends to her grocery store and beer warehouse. She also has a restaurant. She needs the loan to buy ingredients... More from Josefina'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

  • $12,000
    Average annual income
  • 77
    View loans »
    Peru Loans Fundraising
  • $61,857,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Josefina to buy beer on a wholesale basis.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 27, 2012
Aug 21, 2012
Currency Exchange Loss:
Dec 15, 2012