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Elaine

Update on Elaine

Elaine continues with her business of selling motorcycle replacement parts. She has been in this business for a good amount of time. It is going well for her thanks to the daily effort that she puts into her business.

She also continues knitting sweaters, scarves, and hats, among others. She sells to her friends and customers at the different fairs that are held. She is a responsible and hard-working person with a great desire to continue working for her family.

Elaine is requesting the loan to buy materials like different colors of wool for her business. She is grateful for the loan she was granted, and she pledges to make her payments.
View original language description ↓
La socia es la Sra. Elaine;La socia continua con su negocio de venta de repuestos de moto,la socia lleva buen tiempo en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio, a la vez la socia continua tejiendo chompas,chalinas chuyos entre otros, vendiendo a sus amistades,clientes y en las disttinatas ferias que se realizan,la socia es una persona responsable y empeñosa con muchas ganas de continuar trabajando por su familia.
La socia solicita el credito para la compra de materiales para su negocio como lanas de diferente color.

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

Previous Loan Details

Elaine, 36, is a member of the “RICHARY ANTEÑA” communal bank located in Anta District belonging to Anta Province and Cusco Department. She is married and has three children. She alternates her daily activities with the sale of motorcycle spare parts. She works from 8am until 7pm. She also ... More from Elaine'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
  • 126
    View loans »
    Peru Loans Fundraising
  • $56,842,650
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Elaine to buy different colors of wool for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jun 23, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012