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Fausta

Update on Fausta

Fausta is now 74 years old, and is continuing to work in her internet cafe business, and it is going very well. With her savings she was able to pay for her services and buy some small accessories, and do maintenance on her computers. Fausta also makes knitted items such as blankets to sell. At this time, she wants to invest the loan in purchasing materials to make the thick blankets that she knits. She wants to have a good quantity of knitted blankets to sell during the Christmas season, so that she will have extra income to buy gifts for her children and grandchildren. Fausta requests a loan to invest in materials such as a variety of wool in different colors and weights to use making blankets.
View original language description ↓
La socia actualmente tiene 74 años D. edad, la socia continua con su negocio D. internet ella tiene su cabina D. internet y ha ido muy bien con lo que pudo ahorrar pago sus servicios y compro algunos pequeños accesorios y el mantenimiento D. las maquinas, la socia también se dedica a realizar tejidos como mantas para la venta ella en esta ocasión desea invertir el prestamo en la compra D. materiales para la elaboración D. las mantas gruesas que la socia realiza, ella desea tener buena cantidad D. tejidos en mantas para la venta en la epoca naviD.ña y tener un ingreso extra para los regalos D. los hijos y los nietos, la socia solicita el prestamo para invertir en la compra D. materiales como lanas D. colores y diferentes grosores para la elaboracion D. mantas.

Previous Loan Details

Fausta is 73 years old. She is married and as a result of this union has five children. All her children are financially independent. She was born in Urubamba. Today she lives in the same city of Cusco. Fausta is a hardworking and enterprising woman. She owns an Internet café. She has been in… More from Fausta'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
  • 32
    View loans »
    Peru Loans Fundraising
  • $54,507,950
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Fausta to purchase materials to make blankets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012
This photo was used before for a previous loan for Fausta. It was first posted on Kiva on Mar, 2011. Learn More