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Encarnacion

Update on Encarnacion

The member continues with her business selling crafts. She sells sweaters from 8am until 6pm and through this business is able to support her children. Her dream is to expand and improve the craft selling business. She’s asking for a loan to buy sweaters and yarn to make sweaters. She is happy about the loan and committed to make her installment payments.
View original language description ↓
La socia se sigue dedicando al negocio de venta de artesania,ella vende chompas desde las 8:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar y mejorar el negocio de venta de artesania.La socia solicita el credito para comprar chompas y lanas para hacer las chompas.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

This borrower belongs to the "COMUZONE III” communal bank. The bank is located in the district of Cusco, which belongs to the province and department of Cusco. Her name is Encarnación, and she is 56 years old and married with 8 children. She divides her time between her daily chores and her… More from Encarnacion'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
  • 52
    View loans »
    Peru Loans Fundraising
  • $53,895,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Encarnacion la socia solicita el credito para comprar chompas y lanas para hacer las chompas. to buy sweaters and wool to make sweaters.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012