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Nieves

Update on Nieves

Nieves is continuing with her work providing security services; there are very few women who do this type of work. She is very beloved in the neighborhood that she works in. She helped her husband to buy a car, and she wants to be able to do some general maintenance work on this vehicle and replace some parts, because it is a used car, but a very good one. Nieves requests a loan to invest in maintenance work on her vehicle.
View original language description ↓
La socia Nieves, continua con su trabajo de vigilancia, como ella solo pocas mujeres contadas realizan esta labor, la socia es muy querida en el barrio el cual cuida, ella a ayudado a sus conyugue con la compra de sus unidad vehicular y desea poder hacerle el mantenimiento a sus automovil en general y cambiarle algunos repuestos porque es un vehiculo de segunda mano pero muy bueno. la socia solicita el prestamo para invertir en el mantenimiento de sus vehiculo.

Previous Loan Details

Nieves is a member of the communal bank "Caminemos Juntas" (let's walk together). She lives in the district of Huanchac, located in the province and department of Cusco. Nieves is 37 years old, lives in a common-law marriage and is the mother of three children, aged 18, 14 and 7. She alternate... More from Nieves'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
  • 127
    View loans »
    Peru Loans Fundraising
  • $56,116,275
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Nieves to do maintenance work on her vehicle.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Nieves. It was first posted on Kiva on Jun, 2011. Learn More