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Katherine Nina

Update on Katherine Nina

Katherine continues in her business buying and selling handicrafts. She continues renting the same premises and is saving up to buy her own premises. She would like to invest in buying art, ceramics, 'chullos' (woolen caps with earflaps), blankets and shawls made from alpaca or sheep's wool. She is requesting this loan to invest in buying materials for making handicrafts as well as pre-made products.
View original language description ↓
La socia Katherine continua con su negocio de compra y venta de artesanía, ella sigue alquilando el mismo local y esta ahorrando para poder tener su propio local, la socia desea invertir en la compra de arte, y de ceramicas, de chullos, mantas, shalws, de lana de alpaca y de oveja. La socia solicita el prestamo para invertir en la compra de materiales para realizar artesania y de productos ya hechos.

Previous Loan Details

Katherine, 22, has a son. She was born in Cusco, Perú. Katherine is a young, hard working mother who wants to support her son and family. After caring for her spouse and son, she sells crafts. She has a rented locale where she sells her wares and she can be found there from 9am until 7pm Mond... More from Katherine Nina'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
  • 86
    View loans »
    Peru Loans Fundraising
  • $55,204,125
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Katherine Nina to invest in buying handicrafts, woolen caps, shawls, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2012
Listed
Feb 14, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012
This photo was used before for a previous loan for Katherine Nina. It was first posted on Kiva on Feb, 2011. Learn More