Update on FaustinaFaustina is 40 years old, and lives in Andahuaylillas, in the province of Quispicanchis in the department of Cusco, Peru. She is married and has five children.
Faustina makes a living buying and selling crafts and artisan goods. She sells sweaters, purses, necklaces, earrings, and other items. She displays her products in the main plaza of Andahuaylillas, and through this business she makes a living and works to provide for her children.
Faustina desires to expand and improve her business, and she is therefore requesting this loan in order to purchase artisan crafts in bulk and stock up on merchandise for the next tourist season.
Faustina belongs to the community bank, “Las Triunfadoras” (the triumphant), which is located in the Andahuaylillas district in the province of Quispicanchis and the department of Cusco.
Faustina se dedica al negocio de compra y venta de artesanía, ella vende chompas, maletines, collares y aretes entre otros productos. Ella expende sus productos en la plaza de armas de Andahuaylillas y por medio de este negocio la socia saca adelante a sus hijos.
La Sra. Faustina quiere ampliar y mejorar el negocio, para ello ella necesita un préstamo para comprar más artesanías al por mayor y surtirse de productos para la próxima temporada turística.
Faustina pertenece al banco comunal “LAS TRIUNFADORAS”; El banco está ubicado en el distrito de Andahuaylillas, perteneciente a la provincia de Quispicanchis y departamento de Cusco.
Previous Loan DetailsThis member belongs to the "Las Triunfadoras" communal bank. The bank is located in the district of Andahuaylillas in the Quispicanchis province in the department of Cusco. Faustina is 39 years old and married. She has 5 children. She alternates her daily activities with her business selling… More from Faustina'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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