Check out some available loans that are similar to this one!
Fausta

Update on Fausta

Fausta continues to tend to her internet cafe and she would now like a loan with which she can buy accessories for the internet center and also invest in the purchase of locally made blankets in order to start a line of business selling handmade craft items, especially textiles.
View original language description ↓
La socia continua con la atencion de su cabina de internet y ahora desea el credito para poder comprar accesorios y otra parte es para invertir en la compra de mantas tipicas para implementar su negocio de venta de artesania en especial textiles.

Previous Loan Details

Fausta is 73 years old. She is married and as a result of this union has five children. All her children are financially independent. She was born in Urubamba. Today she lives in the same city of Cusco. Fausta is a hardworking and enterprising woman. She owns an Internet café. She has been in ... More from Fausta'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
  • 125
    View loans »
    Peru Loans Fundraising
  • $57,346,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Fausta to invest in the purchase of handmade local blankets to sell in her internet cafe, and in the purchase of accessories for the internet cafe.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Feb 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012