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Update on Elena

Elena continues to participate in the “Luz del Sur” [Light of the South] communal bank. It is going very well for her thanks to the punctual payments.

She continues with her business of selling clothes, and she continues with her small sales stand. She has devoted herself to this business for several years, and it is going very well for her.

This time Elena needs the loan to buy clothes for children, women, and men, and other things.
View original language description ↓
La socia Elena sigue participando en el banco comunal “Luz del Sur” y le va muy bien gracias a los pagos puntuales de sus cuotas, ella sigue con el negocio de venta de ropa y sigue con el pequeño puesto de venta. Ya son varios años que se dedica a este negocio y le va muy bien. En esta oportunidad la socia Elena requiere el préstamo para comprar ropa de niños, damas, caballeros y otras más.

Previous Loan Details

Elena is one of 12 members of the village bank “Luz del Sur”, located in the Andean highlands of Cusco. Elena is 44 years old and married with three children, ages 1.5, 10, and 19. Elena owns a small stand in the market where she sells clothing and accessories. Her shop offers styles for both c... More from Elena'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
  • 174
    View loans »
    Peru Loans Fundraising
  • $60,197,200
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Elena to buy clothes for children, women, and men, and other things.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 15, 2012
Jul 19, 2012
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for Elena. It was first posted on Kiva on Feb, 2012. Learn More