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Update on Teresa

This member, Teresa, previously had a business selling yogurt, however the business unfortunately did not do well and she now sells clothes and undergarments. She has a small shop in the market, which is open from 8:00 am to 6:00 pm. Teresa raises her family with earnings from her business, and her dream is to have a larger premises where she can sell her clothes. Teresa has sought this loan to purchase pants, polo shirts, blouses, jackets and underwear wholesale.

Teresa is happy that she can take this loan and agrees to comply with the repayments.
View original language description ↓
La socia anteriormentese dedicaba al negocio de venta de yogurt pero no le fue muy bien en este negocio,ahora la socia es eta dedicando al negocio de venta de ropa y ropas interiores,ella tiene una pequeña tienda en el mercado donde atiende desde las 8:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es tener un locla man amplio donde pueda vender la ropa.La socia solicita el préstamo para comprar pantalones,polos,blusas y casacas y ropas interiores al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Teresa was born in the city of Chinchero in the Province of Urubamba (Department of Cusco in Peru). She is 48 years old and has four children. Teresa currently lives in the city of Cusco, where she has developed her business activities. She makes dairy products, such as yogurt. Teresa also wo... More from Teresa'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
  • 84
    View loans »
    Peru Loans Fundraising
  • $58,962,350
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Teresa to purchase wholesale pants, polo shirts, blouses, jackets and underwear for subsequent sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 23, 2011
Jan 15, 2012
Currency Exchange Loss:
May 15, 2012
This photo was used before for a previous loan for Teresa. It was first posted on Kiva on Aug, 2011. Learn More