Update on Gloria HermelindaSra. Gloria Hermelinda belongs to the “CHASKA ÑAHUI” Communal Bank. The bank is located in the district of Cusco belonging to the province and department of Cusco.
She continues dedicating herself to the handicrafts she makes such as napkins and tablecloths, among other items. She works for one of the hotels in Cusco. She has been making her handicrafts for several years and her business has gone very well, thanks to the effort she puts into it each day. She is a happy and responsible person who wants to continue moving forward.
Gloria Hermelinda is requesting the loan to purchase materials for her business, such as fabrics. She is grateful for the loan and is committed to making her payments on time.
La socia es la Sra. Gloria Hermelinda;La socia continua dedicandose a las manualidades ella elabora lo que son servilletas,manteles entre otros, la socia trabaja para uno de los hoteles de la ciudad de Cusco,ya son varios años que trabaja en este negocio el cual le va bien gracias al empeño que le pone cada dia,la socia es una persona alegre y responsable con muchas ganas de continuar adelante.
La socia solicita el prestamo para la compra de materiales para su negocio como telas.
La socia está agradecida por el préstamo y se compromete a cumplir con los pagos de su cuota.
Previous Loan DetailsGloria Hermelinda belongs to the Chaska Ñahui Communal Bank. The bank is located in the Cusco district, Cusco province, and the Cusco department. Gloria Hermelinda is 60 years old, married, and has one child. She works by hand and machine making napkins, buffet tablecloths, and tablecloths f... More from Gloria Hermelinda'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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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jun 13, 2012
- Jun 18, 2012
- Currency Exchange Loss:
- Nov 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.