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Update on Julia

Julia’s married and has two children. She continues selling shoes for women, men and children, an activity she’s been carrying out for some time that has made it possible for her to provide schooling for her children and sustenance for her family. On this occasion, Julia’s asking for a loan to buy shoes and capitalize her business in preparation for the upcoming Christmas season. Julia’s very grateful for Kiva’s help to strengthen her economic activity that allows her to provide better quality of life for her family and an education for her children. She’s a member of the “Kanchary” communal bank in Cusco, Peru.
View original language description ↓
La socia es la señora Julia, casada y con 3 hijos, ella continua con su actividad de venta de calzado para damas, caballeros y niños, actividad que realiza hace algún tiempo y que le ha permitido educara a sus hijos y proporcionar el sustento a su familia. Julia en esta oportunidad está solicitando el préstamo para comprar zapatos y capitalizar su actividad para la próxima campaña navideña. Julia está muy agradecida con la ayuda de KIVA, para fortalecer su actividad económica la cual le permite ofrecer una mejor calidad de vida a su familia y educar a sus hijos. La socia pertenece al banco comunal “KANCHARY”; de la ciudad del Cusco – Perú.

Previous Loan Details

Julia belongs to the communal bank "Kanchary." This bank is located in the Cusco district in the province and department of Cusco. Julia is 35 years old, lives with a partner, and has 3 children. She alternates her daily activities with her business selling shoes. She sells shoes for men, wom... More from Julia'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
  • 179
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Julia to buy shoes at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 2, 2012
Currency Exchange Loss:
Feb 15, 2013