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Faustina

Update on Faustina

This is Faustina. She belongs to the communal bank “Las Triunfadoras” in the district of Andahuaylillas in the Quispicanchis province of Cusco, Peru. She continues with the sale of traditional crafts, mainly knitted items like sweaters, scarves, gloves, and wool hats, but also articles of silver jewelry such as necklaces, bracelets, rings, etc. She sells them in a tourist market in the town in the town square. Faustina this time requires the loan to buy merchandise to capitalize her business.

Faustina is very thankful to Kiva for allowing her to continue in her economic activity and with this work bring sustenance home.
View original language description ↓
La socia es la señora Faustina, ella pertenece al banco comunal “Las Triunfadoras” del distrito de Andahuaylillas, de la provincia de Quispicanchis del Cusco – Perú. La socia continúa en el comercio de artesanías, principalmente de elementos tejidos como chompas, bufandas, guantes y chullos pero también con artículos de joyería en plata como collares, pulseras, anillos etc. y los comercializa en la feria turística del pueblo en la plaza de l pueblo. Faustina en esta oportunidad requiere el préstamo para comprar mercadería para capitalizar su actividad.
Faustina está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo llevar el sustento a su hogar.

Previous Loan Details

This member belongs to the "Las Triunfadoras" communal bank. The bank is located in the district of Andahuaylillas in the Quispicanchis province in the department of Cusco. Faustina is 39 years old and married. She has 5 children. She alternates her daily activities with her business selling… More from Faustina'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
  • 69
    View loans »
    Peru Loans Fundraising
  • $53,956,025
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Faustina to buy sweaters, scarves, gloves, wool hats, and silver jewelry.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013