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Update on Claudia

Claudia belongs to the “Tercer Milenio” (Third Millennium) communal bank in the province of Urubamba del Cusco, Perú. She sells building materials and supplies like sand, stone and plaster, among others.

She started this activity a few years ago when the construction boom and tourism began in her region. With a little bit of ingenuity and motivated by the need to earn extra income, she was able to learn this business and she comments that she does quite well.

On this occasion, Claudia will use the requested loan to buy the materials she works with like sand and building stone. Claudia is very grateful to KIVA for making it possible for her to provide her family with a better quality of life by helping her with the growth and strengthening of her activities.
View original language description ↓
Nuestra socia es la señora Claudia, ella pertenece al banco comunal “Tercer Milenio” de la Provincia de Urubamba del Cusco – Perú. Nuestra socia se dedica al comercio de materiales de construcción como arena, piedra, yeso entre otros productos., ella comenzó con esta actividad hace algunos años, cuando comenzó el boom de la construcción y el movimiento turístico de su región, además con un poco de ingenio y animada por la necesidad de obtener un ingreso económico extra, pudo aprender este negocio, el cual comenta que le va muy bien. Claudia en esta oportunidad invertirá el préstamo solicitado para comprar los materiales con los cuales trabaja, como arena y piedra para construcción.
Claudia 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.

Previous Loan Details

Claudia, 56, was born in Urubamba, a city in the Peruvian "departamento" of Cusco. She still lives there with her husband and their four children. Claudia owns a construction materials sales business in Urubamba. She has operated the business for seven years and has worked hard to make it a... More from Claudia'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
  • 156
    View loans »
    Peru Loans Fundraising
  • $60,187,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Claudia to buy building materials and supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 17, 2012
Jul 27, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Claudia. It was first posted on Kiva on Nov, 2011. Learn More