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Consuelo

Update on Consuelo

The member is a teacher by profession and works in Anta. She has complemented this work by buying and selling clothes. The member travels and buys wholesale from different factories ladies', men's and children's clothing and then distributes them among her teaching colleagues, friends and shops that sell clothes. The member is happy because her business is doing well and she wants to capitalize it. She will invest the money in buying seasonal clothes and distributing them to various shops in the different provinces of Cusco. In this way the member is growing economically. The member wishes for a peaceful future and that she remain active when she retires as she likes to be, and perhaps set up a business at home or something to keep her busy and allow her to have a good quality of life. The member wants the loan to purchase wholesale clothes to sell and improve her income.
View original language description ↓
La socia es docente de profesion y trabaja en la comunidad de Anta y a esta actividad ella a complementado la compra y venta de ropa, la socia viaja y compra de las diferentes fabricas al por mayor ropa para damas, caballeros y niños ropa y los distribuye entre sus colegas de trabajo, amistades, y tiendas de venta de ropa; la socia esta contenta porque le ha ido muy bien el negocio y desea capitalizarse ella invertira el dinero en la compra de ropa por temporada y la distribuira en las diversas tiendas en diferentes provincias en Cusco y de este modo la socia esta creciendo economicamente, la socia desea un futuro tranquilo y que cuando se jubile siga en actividad como a ella le gusta estar y talvez poner un negocio en casa o algo que la distraiga y permite tener calidad de vida. La socia desea al prestamo para invertir en la compra la por mayor de ropa para la venta y mejorar sus ingresos economicos.

Previous Loan Details

Consuelo is a member of the “Mosoc Runa” community bank which is located in Cusco district, in the province and department of the same name. Consuelo is 57 years old. She is single and has one child. She divides her time between her daily activities and her dressmaking business. She also se... More from Consuelo'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
  • 89
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Consuelo to buy clothes wholesale to sell and improve her income.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Consuelo. It was first posted on Kiva on Nov, 2010. Learn More