Check out other loans that are currently fundraising!
Clorinda

Update on Clorinda

The member Clorinda remains in the business of buying and selling children's, women's and men's clothing. She also supports herself by preparing foods to fulfill the various types of orders she receives such as for weddings, baptisms, and the coming-of-age parties for young women, among others. The member wishes to invest the loan in the purchase of seasonal clothing for increasing her sales.
View original language description ↓
La socia Clorinda; continua con su negocio de compra y venta de ropa para niños, damas y caballeros, y también se apoya con la preparación de alimentos para los diferentes compromisos que le soliciten como matrimonios, bautizos, fiestas de 15 años entre otros. La socia desea invertir el prestamo en la compra de ropa de temporada para incrementar sus ventas.

Previous Loan Details

Clorinda, 58, is a member of the “SOL Y LUNA” (Sun & Moon) communal bank which is located in Cusco District belonging to Cusco Province, Cusco Department. She is separated and has three children. She alternates her daily chores with selling clothes for women, children and men among her acqu... More from Clorinda'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
  • 98
    View loans »
    Peru Loans Fundraising
  • $56,733,750
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Clorinda to purchase seasonal clothing for increasing her sales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 27, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Clorinda. It was first posted on Kiva on Apr, 2011. Learn More