Update on HildaHilda is 48 years old and married with four children between the ages of 19 and 29. Two of her children live separately from her while the other two still live with her while they attend a university.
Hilda's occupation is selling crafts such as handmade dolls, leather and textile wallets, and pencil and cosmetic cases. Although Hilda buys most of the handicrafts from local artisans in Cusco, she produces the dolls herself. The dolls wear traditional Peruvian costumes handmade from old blankets, which feature a variety of colorful woven designs. Hilda has been selling these products for about nine years. While she used to sell the crafts in Cusco, she now sells exclusively in Lima and Bolivia.
Hilda is requesting a loan in order to buy materials such as old blankets, cotton and fabric to produce her handmade dolls. She hopes that in addition to continuing her sales in Lima and Bolivia, she will be able to open a shop selling handicrafts in Cusco.
Hilda is a member of the village bank Los Diamantes in Cusco, which is receiving its sixteenth loan.
Previous Loan DetailsHilda is 47 years old and married with four children. Two of her children live separately from her while the other two still live with her while they attend University and high school. Hilda's occupation is selling crafts such as handmade satchels, blankets, and hats in various places around the ... More from Hilda'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