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Silvia

Update on Silvia

Our member, Silvia, continues to make rag dolls and sell them as a street vendor. She works from 9:00 a.m. until 6:00 p.m. Through this business, she has been able to help her son get ahead in life. Silvia's dream is to have her own business space where she can sell her dolls. She is requesting this loan to purchase materials like fabric and thread to make dolls.


Our member is happy about this loan, and she commits to repay it on time.

View original language description ↓
La socia se sigue dedicando al negocio de confeccion,ella confecciona muñecas de tela y los vende en forma ambulatoria,la socia trabaja desde las 9:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a su hijo,el sueño de la socia es tener un local donde pueda vender los trabajos de confeccion de muñecas.La socia solicita el credito para comprar materiales como tela e hilos para que confeccione las muñecas.

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

Previous Loan Details

Silvia is 50 years old and a single mother with three children. Her daughter Maria Milagros is 29 years old and disabled, so Silvia spends most of her time taking care of her. She wakes up very early to perform her household activities, such as preparing breakfast for her children and many othe... More from Silvia'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
  • 130
    View loans »
    Peru Loans Fundraising
  • $56,130,550
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Silvia to purchase fabric and thread to make dolls.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
May 30, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012