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Purificacion

Update on Purificacion

The member is Purificacion; she works in agriculture and also in handicrafts. The member buys textiles and takes them to the village of Corao to sell. The member requests the loan to buy textiles and handicrafts to improve her financial situation. She buys alpaca wool, among others, and also makes sweaters by hand. She knows that tourism increases beginning in April, and she wants to be prepared to meet the demand.
View original language description ↓
La socia es la Sra. Purificacion; continua trabajando con la agricultura y también en artesanía la socia compra textiles y los lleva a vender al poblado de Corao. La socia desea el crédito para invertir en la compra de textiles y artesanía asi mejorar economicamente, la socia compra lanas de alpaca entre otras y hace chompas tambiena mano; la socia sabe que el turismo se incrementara desde el mes de abril asi que desea estar preparada para cubrir la demanda.

Previous Loan Details

Purificacion belongs to the "Virgen Del Carmen De Yuncaypata" community bank located 30 minutes from the city of Cusco in a village called Yuncaypata. This is a typical village that maintains all of its pure Andean culture, and the entire community supports each other during the planting and… More from Purificacion'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
  • 70
    View loans »
    Peru Loans Fundraising
  • $53,951,425
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Purificacion to buy textiles and wool to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Purificacion. It was first posted on Kiva on Sep, 2011. Learn More