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Update on Encarnacion

Encarnacion continues to participate in the Communal Bank “Comuzone III” which is part of Asociación Arariwa in the city of Cusco. She continues to sell handicrafts, such as alpaca wool sweaters. Encarnacion is taking this opportunity to request a loan to buy merchandise, such as alpaca wool sweaters.

She is pleased with the loan and promises to complete her payments.

View original language description ↓
Encarnacion sigue participando en el banco comunal “Comuzone III” de la Asociación Arariwa de la ciudad del Cusco y él sigue dedicándose a la venta de artesanía como por ejemplo chompas de alpaca. En esta oportunidad la socia solicita el préstamo para la compra de mercadería como por ejemplo chompas de lana de alpaca.

Encarnacion está feliz por el préstamo y se compromete a cumplir con los pagos y él está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This borrower belongs to the "COMUZONE III” communal bank. The bank is located in the district of Cusco, which belongs to the province and department of Cusco. Her name is Encarnación, and she is 56 years old and married with 8 children. She divides her time between her daily chores and her bu... More from Encarnacion'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
  • 127
    View loans »
    Peru Loans Fundraising
  • $60,116,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Encarnacion to purchase handicrafts to sell, such as alpaca wool sweaters.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 19, 2011
Dec 5, 2011
Currency Exchange Loss:
Apr 15, 2012
This photo was used before for a previous loan for Encarnacion. It was first posted on Kiva on Mar, 2011. Learn More