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Update on Elena

The member continues working in her bar business. She sells soda, beer, and sometimes "chicha," which is a corn-based drink. She serves from 8:00 a.m. until 6:00 p.m. Through this business the member gets her children ahead. Her dream is to expand her bar business.

The member is requesting the loan to buy soda and beer. She is happy about the loan and promises to make the payments on time.
View original language description ↓
La socia se sigue dedicando al negocio de bar. Ella vende gaseosas, cervezas y en algunas oportunidades también vende chicha que es una bebida a base de maiz. La socia atiende desde las 8:00 a.m hasta las 6:00 p.m. Por medio de este negocio la socia adelante a sus hijos. El sueño de la socia es ampliar el negocio de bar. La socia solicita el credito para comprar gaseosas y cervezas. La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Introducing Elena, a member of “HATUN RUMIYOC”, a communal bank located in the district, province and department of Cusco. Elena is 51 years old, she is married and she has 4 children. She alternated her daily chores with her activity as bar owner: she sells beers and fizzy drinks, and she wor... More from Elena'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
  • 115
    View loans »
    Peru Loans Fundraising
  • $60,105,600
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Elena to buy sodas and beer.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 9, 2012
Feb 22, 2012
Currency Exchange Loss:
Jul 15, 2012