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Update on Ofelia

The member is Ofelia.

The member continues with her business of buying and selling gift items.

She sells gifts, small ornaments, dishes, furry stuffed animals, and toys among other items

The member wants at this time to use the money from a loan to buy supplies to be used in her business.
View original language description ↓
La socia es la Sra. Ofelia; La socia continua con su negocio de compra y venta de articulos de bazar, la socia vende regalos, adornos pequeños, vajillas, peluches, juguetes entre otros articulos. La socia desea en esta ocasión invertir el prestamo en la compra de articulos para implementar su negocio.

Previous Loan Details

Ofelia is a member of the 'NUEVA LUZ DEL MAÑANA NRO II' (New Light of Tomorrow Number II) community bank which is located in Cusco district, in the province and department of the same name. Ofelia is 29 years old. She is married and has two children. She divides her time between her daily ac... More from Ofelia'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
  • 178
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    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 Ofelia to buy supplies to be used in her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 7, 2011
Dec 22, 2011
Currency Exchange Loss:
May 15, 2012