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Update on Guillermina

This member has grown her business and without changing paths. She continues to earn her living making delicious cakes and appetizers, both salty and sweet. She also has continued knitting wool sweaters with smooth finishing. Although she makes the sweaters in her free moments, she's always got her knitting in hand. Guillermina is quite sought-after by her customers to make cakes and appetizers for all kinds of gatherings. She is requesting the loan to invest in the purchase of ingredients, serving dishes and decorative products for her cakes and to purchase wool, buttons and new fabric. Guillermina wants to keep growing her business and in the near future have a stand to display her products.
View original language description ↓
La socia actualmente ha crecido en su negocio y sin cambiar D. rubro sigue dedicada a la elaboracion D. ricas tortas y bocaditos entre salados y dulces, la socia tambien sigue tejiendo chompas D. lana, con finos acabados y aunque los realiza en sus ratos libres ella siempre tiene su tejido entre manos, la socia es muy cotizada por sus clientes para la elaboracion D. tortas y bocaditos para todo tipo D. reuniones; La socia solicita el prestamo para invertir en la compra D. ingredientes, fuentes, productos D. decoracion D. tortas y comprar lanas, botones y tejidos nuevos. La socia desea seguir creciendo y a futuro cercano poner un stand para exhibir sus productos.

Previous Loan Details

Guillermina belongs to the “Juntas y Unidas” (Together and United) communal bank of the Arariwa Association in the city of Cusco; she lives in the same city. Cusco is a beautiful city that goes back to Incan times; it was built in the base of the ancient Inca city. Guillermina is 56 years old, ... 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

  • $12,000
    Average annual income
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Guillermina to invest in the purchase of ingredients, serving dishes and decorative products for her cakes and to purchase wool, buttons and new fabric.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 27, 2011
Nov 10, 2011
Currency Exchange Loss:
Mar 15, 2012
This photo was used before for a previous loan for Guillermina. It was first posted on Kiva on Nov, 2010. Learn More