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Iris

Update on Iris

She belongs to the “Los Diamantes” (The Diamonds) communal bank and is still teaching third graders. At the same time, she’s still attending accounting classes at one of Cusco’s universities. She is a responsible, dedicated person who gets ahead this way. She teaches during the day Monday through Friday. She wants to be able to continue working and studying in order to improve more every day. She’s asking for a loan to pay for her classes. She is grateful for the loan granted and commits to make her installment payments.
View original language description ↓
La socia pertenece al banco comunal LOS DIAMANTES,la socia continua enseñando a estudiantes del tercer grado,la socia a la vez continua estudiando la carrera de contabilidad en una de las universidades del Cusco,la socia es una persona responsable y empeñosa siendo de esta manera que la socia sale adelante,la socia enseña durante el dia de lunes a viernes,la socia desea poder seguir trabajando y estudiando para asi poder ser mejor cada dia.
La socia solicita el credito para pagar sus estudios.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Iris is 30 years old and lives with her partner. She is currently a student at the National University of San Antonio Abad Cusco, where she studies accounting. In addition, she is a docent at a local Inca museum in the city of Cusco. Iris works very hard in school and she is passionate about ... More from Iris'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
  • 110
    View loans »
    Peru Loans Fundraising
  • $57,923,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Iris to pay for her accounting classes at the university.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Aug 27, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012