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Update on Silvia

Sra. Silvia continues to work as a supervisor in the marketing department of a company that sells cleaning products. She is taking this opportunity to request a loan in order to pay for her children’s education. All of her efforts are invested into her children so that they can have a better future.

Silvia is extremely grateful to Kiva for helping her provide for her family’s future. She promises to complete her payments on time. Silvia is a member of the Communal Bank “Milagrosa Virgen del Carmen II” which is located in the city of Cusco, Peru.

View original language description ↓
La socia es la señora Silvia, ella continua con su actividad como supervisora y en publicidad para una empresa de comercializadora de productos de limpieza. Silvia en esta oportunidad está solicitando el préstamo para pagar la educación de sus hijos, ella invierte todo su trabajo en ellos, para que tengan un mejor futuro, y por ello la socia está muy agradecida con KIVA, por ayudara con el porvenir de su familia, la socia se compromete a cumplir con el pago de sus cuotas puntualmente. Silvia pertenece al banco comunal “Milagrosa Virgen del Carmen II” de la ciudad del Cusco – Perú.

Previous Loan Details

Introducing Silvia, a member of the “Milagrosa Virgen del Carmen II” Communal Bank, located in Wanchaq, a district of the Cusco province in the Cusco region. Silvia is 35 years old, she is married and has 2 children. On top of her everyday chores, she works as a supervisor for a cleaning produ... More from Silvia'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
  • 130
    View loans »
    Peru Loans Fundraising
  • $58,907,975
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Silvia to pay for her children's education.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 13, 2012
Oct 1, 2012
Currency Exchange Loss:
Feb 15, 2013
This photo was used before for a previous loan for Silvia. It was first posted on Kiva on Oct, 2010. Learn More