Update on FortunataFortunata is still a member of the communal bank "INTI" in the Asociación Arariwa, located in the department of Cusco, Peru. This communal bank is in its 3rd year of working together, and all of the members are doing very well. (Inti is a word in the Quechua language that means "Sun.")
Fortunata continues to live in the historic city of Cusco, in the department of Cusco, Peru. In Cusco, people work in a variety of different businesses and provide a variety of services, but much of this economic activity is related to tourism.
Fortunata is still selling handicrafts at the entrance of hotels, in the main plaza (the Plaza de Armas), and at the archaeological monuments in the city of Cusco. She continues to offer the tourists sweaters, scarves and gloves that are made from alpaca and llama wool. She has had this business for 32 years, and it has gone very well, thanks to the effort she puts into her work.
Fortunata is a tenacious and hardworking woman who, with her small handicraft business, is getting ahead with her children. With the last loan, things went very well for Fortunata and she was able to increase her income. At this time, Fortunata needs a loan to buy more wool scarves, sweaters and gloves.
Fortunata sigue viviendo en la histórica ciudad del Cusco del departamento del Cusco, Perú. En la ciudad del Cusco la mayoría de personas se dedican a diferentes tipos de negocios y a brindar servicios pues los negocios están fuertemente relacionados con el turismo.
Fortunata continúa vendiendo artesanía en la puerta de los hoteles, en la Plaza de Armas y en los monumentos arqueológicos de la ciudad del Cusco. Ella sigue ofreciendo a los turistas chompas, chalinas, guantes de material de lana de alpaca y llama. Ya son 32 años que se dedica al negocio y le ha ido muy bien gracias al empeño que pone en su trabajo.
Fortunata es una mujer luchadora y trabajadora que con el pequeño negocio de venta de artesanía saca adelante a sus hijos. Fortunata con el anterior crédito le fue muy bien pudo incrementar sus ingresos económicos. En esta oportunidad Fortunata requiere el préstamo para comprar más chalinas, chompas y guantes de lana.
Previous Loan DetailsFortunata is 47 years old, married, and has three grown children: Rocio (age 25), Edit (age 23), and Genera (age 20). She sells various handicrafts at hotel entrances, the Plaza de Armas, and different archaeological monuments around the city of Cusco. Fortunata sells to tourists articles made… More from Fortunata's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid