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Nelva

Update on Nelva

Nelva continues to work selling handicrafts in the center of the city. She is a very happy and responsible person with a great desire to continue working for her family. She sells sweaters, shirts, gloves, and hats amont other things, and her clients are mainly tourists. She would like to be able to continue working this way, in order to continue supporting her family economically.

With this loan Nelva will buy alpaca sweaters for her business. She is very grateful for the loan provided, and she promises to repay all loan quotas on time.
View original language description ↓
La socia Nelva continua dedicandose al negocio de venta de artesania,la socia vende por el centro de la ciudad la socia es una persona alegre y responsable con muchas ganas de continuar trabajando por su familia,la socia vende lo que son chompas,polos,guantes,chuyos entre otros a sus clientes que le solicitan como turistas,la socia desea poder continuar trabajando para de esta manera poder seguir apoyando economicamente a su familia.

La socia solicita el credito para la compra de chompas de alpaca para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Nelva was born in the city of Pomocanchis, Cusco Department (Perú). She is 29 years old. Nelva currently lives in the city of Cusco with her two children. She sells crafts at the “Inti Pakari” shopping center. On this occasion she needs the loan to buy more merchandise like sweaters, for ... More from Nelva'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
  • 67
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Nelva to buy alpaca sweaters for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Nelva. It was first posted on Kiva on Jul, 2011. Learn More