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Guillermina

Update on Guillermina

The member continues with the same business and she is doing very well. On this occasion the member wants to invest the loan in buying clothes. The member brings clothes from different places even as far as the border with Chile and she sells them on Saturdays. The member also sells flowers during this season as this is the month when the living and the dead are celebrated. This time the member will invest the loan in buying flowers. She will buy the beautiful bouquets prepared for selling at a particular point in the cemetery and it for this that she wants the loan. In the near future the member wants to have her own space to sell the clothes that she brings back every 15 days and in this way she would be a registered vendor and not continue as a street vendor.
View original language description ↓
La socia continua con el mismo negocio y le ha estado yendo muy bien, La socia en esta ocasión desea invertir el credito en la compra de ropa, la socia trae de diferentes lugares hasta de la frontera con Chile y ella vende los días sabados, la socia también esta con el negocio de la venta de flores por esta temporada porque entramos al mes que se festeja a los vivos y a los muertos, en esta ocasión la socia invertira el prestamo en la compra de flores, ella comprara bellos ramos elaborados para la venta en un punto especifico del cementerio y para ello desea el prestamo. La socia desea a futuro muy cercano tener su propio espacio para vender la ropa que trae cada quince días y así estaría registrada y no seguiria como vendedora ambulatoria.

Previous Loan Details

Guillermina, age 64, has three children and lives in Cusco, Perú. She sells clothing from Monday through Friday in the Tahuantisuyo commercial center. On Saturdays she sells clothing at Baratillo, a weekend market, and on Sundays she travels to Chincheros to sell her products. Guillermina has bee... More from Guillermina'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
  • 33
    View loans »
    Peru Loans Fundraising
  • $55,917,775
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Guillermina to buy bouquets prepared for selling in the cemetery.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012
This photo was used before for a previous loan for Guillermina. It was first posted on Kiva on Feb, 2011. Learn More