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Rosa

Update on Rosa

Rosa is a member of the “Señor de los Temblores II” (Lord of the Tremors II) communal bank in Cusco, Peru. She continues her activity and main source of family income: taxi service. On this occasion, Rosa needs the loan to buy spare parts like tires for her work tool. Rosa’s very grateful to KIVA for making it possible for her to continue with her economic activity and by means of it provide her four children, two of whom are school age, with a better life and education.
View original language description ↓
La socia es la señora Rosa, ella pertenece al banco comunal “Señor de los Temblores II” de la ciudad del Cusco – Perú. La socia continúa con su actividad y principal ingreso económico familiar que es el servicio de taxi. Rosa en esta oportunidad requiere el préstamo para comprar repuestos como llantas a su herramienta de trabajo.
Rosa está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo brindarles una mejor vida y educación a sus 4 hijos, 2 de los cuales están en edad escolar.

Previous Loan Details

Rosa was born in Cusco-Perú. She’s 44 years old, married and has four children. Her main economic activity is taxi service. She has worked together with her husband in this activity for a long time and this is why Rosa is now asking for a loan to buy spare parts for her vehicle to improve se... More from Rosa'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
  • 92
    View loans »
    Peru Loans Fundraising
  • $56,035,750
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rosa to buy tires for her vehicle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 2, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013
This photo was used before for a previous loan for Rosa. It was first posted on Kiva on Apr, 2012. Learn More