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Isabel

Update on Isabel

Our partner is Isabel. She belongs to the communal bank Los Lideres (The Leaders) in the city of Cusco, Perú. She works as an administrator at a school in the city, but she is also dedicated to a parallel activity of no less importance: handicrafts, mainly the production of embroidered works.

With this opportunity, Isabel will use the requested loan to buy material, like colored thread and fabric, for her embroidery. Isabel is very grateful to Kiva for allowing her to provide a better quality of life for her family and for helping her with the growth and strengthening of her work. She appreciates the loan and is committed to paying off her debt in accordance with the schedule.
View original language description ↓
Nuestra socia es la señora Isabel, ella pertenece al banco comunal “Los Lideres” de la ciudad del Cusco – Perú. Nuestra socia se dedica a su actividad principal que es la de administrativa en un colegio de la ciudad, pero también se dedica a una actividad paralela y no menos importante que es la artesanía, principalmente en la elaboración de elementos bordados,. Isabel en esta oportunidad invertirá el préstamo solicitado para comprar material como Hilos de colores y telas para realizar sus bordados.
Isabel está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y por ayudarla con el crecimiento y fortalecimiento de sus actividades.
La socia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

Previous Loan Details

This member belongs to the community bank Los Lideres (The Leaders). The community bank is located in the district of Huanchac, which belongs to the province Cusco and the department of Cusco. The member is Sra. Isabel. She is 50 years old and is the secretary in the high school Clorinda Mat... More from Isabel'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
  • 88
    View loans »
    Peru Loans Fundraising
  • $55,204,125
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Isabel to buy material, such as thread, for her handicrafts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 21, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012
This photo was used before for a previous loan for Isabel. It was first posted on Kiva on Nov, 2010. Learn More