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Soledad

Update on Soledad

The member continues to make a living from knitting, she knits sweaters, scarves and trousers. The member sells her products independently taking them to the clients.

The member also continues to work as a teacher of the initial level, the dream of the member is to have a small store where she can sell her products.The partner asks for the loan to buy wool and knitting needles. The partner is happy with the loan and is committed to pay punctually the payments.
View original language description ↓
La socia se sigue dedicando al negocio de tejidos,la socia teje chompas,chalinas y pantalones,la socia vende en forma independiente llevando a las diferentes personas,la socia tambien sigue trabajando como docente del nivel inicial,el sueño de la socian es tener un local donde pueda vender los tejidos.La socia solicita el credito para comprar lanas y palitos de tejer al por mayor.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Soledad is a member of the “Los Diamantes” communal bank, located in the district, province, and department of Cusco. She’s 52 years old, single, and has two children. She sells knitted sweaters, scarves, and vests. She also works as a preschool teacher in Cusco and moves her children ahead in… More from Soledad'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
  • 72
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Soledad to buy wool and knitting needles.
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
This photo was used before for a previous loan for Soledad. It was first posted on Kiva on Nov, 2011. Learn More