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Paulina

Update on Paulina

Paulina continues working as a tarwi [lupin] merchant; she buys it at wholesale, soaks it and then resells it. On this occasion she wants to use the loan to buy tarwi at wholesale to continue with her business and thus continue to make progress so that in the future she can live comfortably off her savings. She requests the loan to buy tarwi.
View original language description ↓
La socia Pualina, continua con su negocio de compra y venta de tarwi, la socia compra al por mayor y lo hace remojar y despues lo vende; la socia en esta ocasión desea invertir el prestamo en la compra de tarwi al por mayor para continuar con su negocio y de este modo seguir prosperando para a futuro viiver tranquila de sus ahorros. La socia solicita el prestamo para invertir en la compra de tarwi.

Previous Loan Details

Paulina is part of the Villa Rayanniyoc community bank, is 56 and has five children. Her main income comes from selling grains such as quinua and tarwi as well as vegetables. She takes the products from her rural village to the cities of Cusco, Calca and Urubamba. She needs the loan to purchase... More from Paulina'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
  • 111
    View loans »
    Peru Loans Fundraising
  • $54,998,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Paulina to buy tarwi [lupin].
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012