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Update on Karina

The communal bank member is Karina. She continues to make a living with her restaurant. She has worked in this business for years, and continues to do well thanks to the determination she has concerning her business. She is a happy and responsible person, with a strong desire to continue working to help her family. She has requested a loan to buy ingredients for her business, like rice and cooking oil.
View original language description ↓
La socia es la Sra Karina;La socia continua dedicandose al negocio de restaurante, ella lleva años en este negocio el cual le va bien gracias al empeño que le pone a su negocio,la socia es una persona alegre y responsable con muchas ganas de continuar trabajando por su familia.
La socia solicita el credito para la compra de insumos para su negocio como arroz y aceite.

Previous Loan Details

Karina belongs to the "Qori Orcco" communal bank, located in the district of Urcos, in Quispicanchis province, in Cusco department. She is 27, single, and has a seven year-old child. She has her own restaurant business. She serves locals, and tourists who visit the area. On this occasion, ... More from Karina'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
  • 87
    View loans »
    Peru Loans Fundraising
  • $58,982,775
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Karina to buy supplies for her business, like cooking oil and rice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 14, 2012
Jun 24, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Karina. It was first posted on Kiva on Dec, 2011. Learn More