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Roxana

Update on Roxana

This member continues to manage her business of selling handcrafted items such as sweaters, blankets, woven articles, and scarves. She has a store that she operates from 8am to 6pm. Through this business, she has been able to help her son move forward. Her dream is to expand and improve her craft business.


The member is requesting a loan in order to buy sweaters, woven articles, and blankets in bulk. She is pleased with the loan and promises to complete her payments.

View original language description ↓
La socia se sigue dedicando al negocio de venta de artesanias,la socia vende chompas,mantas,telares y chalinas,la socia tiene una tienda donde atiende desde las 8:00 a.m hasta las 6:00 p.m,por medio de este negocio la socia saca adelante a su hijo,el sueño de la socia es ampliar y mejorar el negocio de venta de artesania.La socia solicita el credito para comprar chompas,telares y mantas al por mayor.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Sra. Roxana is a member of the Communal Bank “Huayna Picchu”, which is located in the district, province, and department of Cusco.

She is 45 years old, married, and has one child. Roxana divides her time between her daily activities and managing her business selling crafts. She has two… More from Roxana'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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Roxana to buy sweaters, woven articles, and blankets in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 20, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012