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Update on Luz

Luz continues as a member of Asociación Arariwa's 'Inti' community bank which is located in Cusco department, Peru. The community bank is in its third year and all the members are doing very well ('Inti' is a Quechuan word for 'Sun').

Luz continues living in the historic city of Cusco, in Cusco department, Peru. Most people in the city of Cusco work in tourism-related businesses and services.

Luz continues working as a teacher in a school in San Jerónimo district, in Cusco department. On this occasion, she needs a loan to buy oil paints, adhesive, fabric and brushes. She is grateful for the opportunity that she is being given and pledges to make her repayments on time.
View original language description ↓
Luz sigue perteneciendo al banco comunal “INTI” de la Asociación Arariwa del departamento del Cusco, Perú. El banco comunal esta en el tercer año de funcionamiento y a todos los socios les va muy bien. (Inti es una palabra del idioma quechua que traducido al castellano significa Sol).

Luz 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.

Luz continúa sigue trabajando como profesora en una de las escuela del distrito de San Jerónimo del departamento del Cusco. En esta oportunidad la socia Luz requiere el préstamo para comprar óleo, cola, tela y pinceles. Luz se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

Luz is married, is 51 years old, and lives in the city of Cusco. Luz alternates her household activities with her job as a teacher at the “Bernabé Cobo” school in the San Jerónimo district in the department of Cusco. Luz explained to us that her husband has been a painter for 12 years and is ... More from Luz'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
  • 116
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Luz to buy oil paints, adhesive, fabric and brushes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 4, 2012
Feb 16, 2012
Currency Exchange Loss:
Jul 15, 2012
This photo was used before for a previous loan for Luz. It was first posted on Kiva on Feb, 2010. Learn More