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Silvia

Update on Silvia

This borrower continues to work for the same private institution. She is also still making handicrafts. She would like to invest the funds from the loan in buying materials such as fabric, stuffing, ribbons, balloons, wool and woven cloths. She would like to invest the loan in buying materials to make various kinds of handicrafts.
View original language description ↓
La socia continua trabajando en la misma institución privada, ella tambien continua con la elaboración de manualidades la socia desea invertir el prestamo en la compra de materiales como por ejemplo telas, napa, cintas, globos, pintura, lana y mantas. La socia desea invertir el prestamo en la compra de materiales para la elaboracion de los diferentes trabajos.

Previous Loan Details

Silvia is 51 years old and lives in the city of Cusco in the department of Cusco in Peru. She works in the private institution, ABC, which is operated by PRODEIN (the human rights branch of the Catholic Order, Lumen Dei), where she is a member of the cleaning and laundry staff. Silvia is a determ... More from Silvia'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
  • 129
    View loans »
    Peru Loans Fundraising
  • $57,375,250
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Silvia to buy materials to make various kinds of handicrafts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 28, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Silvia. It was first posted on Kiva on Feb, 2011. Learn More