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Nelida

Update on Nelida

This member continues her business buying and selling dresses and suits. She works specifically with American clothes. She wishes for the near future to have her own clothes store and she is doing everything possible to do this. With it, she would bring in American clothes wholesale. On this occasion, she wants to invest her loan in buying clothes wholesale and paying for the transportation.
View original language description ↓
La socia continua con su negocio de compra y venta de vestidos y ternos, la socia trabaja especificamente con la ropa americana, ella desea a futuro muy cercano y esta haceindo todo lo mejor posible para tener su propia tienda de venta de ropa y su propio local para ella atreverse a traer ropa americana al por mayor. La socia en esta ocasión esta deseando invertir el credito en la compra de ropa al por mayor americana y pagar el trasporte.

Previous Loan Details

Sra. Nelida belongs to the Communal Bank “Los Angeles” (The Angels) which is located in the District, Province, and Department of Cusco.

She is 32 years old, single, and has one child. Nelida divides her time between her daily activities and her business of selling dresses and suits from a... More from Nelida'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
  • 54
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Nelida to invest the loan in buying American clothes wholesale and pay for transportation.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012
This photo was used before for a previous loan for Nelida. It was first posted on Kiva on May, 2011. Learn More