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Gloria Luz

Update on Gloria Luz

Gloria Luz continues to belong to the “Virgen Concebida de Arin” communal bank in the district of Arin, province of Calca, department of Cusco. She continues making a living buying and selling women's clothing, traveling to the factories in different cities and bringing back all kinds of women's clothing like pants, blouses, jackets and many more items. Gloria Luz is requesting this loan to purchase clothes like pants, blouses, dresses, sweaters and other items at wholesale. She is grateful for the loan and promises to make her payments on time.
View original language description ↓
La socia Gloria Luz sigue perteneciendo al banco comunal “VIRGEN CONCEBIDA DE ARIN” y el banco comunal se encuentra ubicado en el distrito de Arin en la provincia de Calca y departamento de Cusco.

La socia Gloria Luz se sigue dedicando a la compra y venta de ropa para damas, la socia sgiue viajando a las diferentes ciudades ósea a las fábricas y trae todo tipo de ropa para damas como por ejemplo pantalones, blusas, casacas y otros prendas más.

La socia Gloria Luz solicita el préstamo para comprar ropa al por mayor para vender como por ejemplo pantalones, blusas, vestidos, chompas y otras más.

La socia Gloria Luz agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

Previous Loan Details

The member belongs to the “Virgen Concebida de Arin” communal bank, located in the Arin district, Calca province, Cusco department. Glora Luz is 24 years old and lives with her partner. She buys and sells women’s clothing. She travels to the factories in various cities and brings back all typ... More from Gloria Luz'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

  • $12,000
    Average annual income
  • 128
    View loans »
    Peru Loans Fundraising
  • $58,863,350
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gloria Luz to purchase clothing like pants, blouses, dresses, sweaters and other items at wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 16, 2012
Jun 13, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Gloria Luz. It was first posted on Kiva on Nov, 2011. Learn More