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Vilma

Update on Vilma

This member is part of the Communal Bank "Imasumac II". She continues with her business of buying and selling handicrafts. She has been in this business for many years and has done very well thanks to the effort she puts into her business each day. The members works every day so that she can continue supporting her family. This member is an enterprising person who has the drive to continue forward. The loan she is requesting will be used to buy merchandise for her business, such as alpaca sweaters.


The member is grateful for the loan that has been provided and promises to complete her payments according to the established terms.

View original language description ↓
La socia pertenece al banco comunal “IMASUMAC II”,la socia continua dedicandose a la compra y venta de artesania,la socia lleva años en este su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia trabaja todos los dias para de esta manera poder seguir apoyando a su familia,la socia es una persona emprendedora con muchas ganas de continuar adelante.

La socia solicita el prestamo para la compra de mercaderia para su negocio como chompas de alpaca.

La socia se siente agradecida por el prestamo otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Vilma is a member of the "Imasumac II" community bank which is located in Huanchac district, in Cusco province and department. Vilma is 28 years old, married, and has two children. She makes items from clay and also buys handicrafts which she sells. Vilma buys some of her handicrafts ready m... More from Vilma'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
  • 119
    View loans »
    Peru Loans Fundraising
  • $56,100,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Vilma to buy handcrafted merchandise, such as alpaca sweaters.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012