Update on CeliaThe member, Celia, belongs to the “Renovacion” Communal Bank and lives in the Huanchac district in Cusco province, Cusco department. Celia continues with her business as a seamstress and “piñateria” (piñata* maker). She has been in this business for years and it is going well thanks to the hard work she puts into to it every day. She makes shirts, blouses, bags, dresses and other items per customers’ requests. She still belongs to an evangelical organization because it makes her feel happy. She is a responsible person who gets her family ahead by means of her business. Celia is requesting the loan to purchase materials such as wholesale fabric for her business. She is grateful for the loan and is committed to making her payments on time.
*a decorated figure of an animal containing toys and candy that is suspended from a height and broken open by blindfolded children as part of a celebration. (Source: the Oxford Dictionary)
La socia Celia, continua con su negocio de costureria y piñateria,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia elabora camisas,blusas,sacos,vestidos entre otros para sus clientes que le solicitan,la socia a la vez continua perteneciendo a una organizacion evangelica siendo de esta forma que la socia se siente feliz,la socia es una persona responsable y mediante su negocio la socia saca adelante a su familia.
La socia solicita el credito para la compra de materiales como telas al por mayor para su negocio.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.
Previous Loan DetailsCelia is a member of the communal bank Renovación. She lives in the district of Huanchac, located in the province and department of Cusco. Celia is 38 years old and single. She is a missionary, working with "Peru for Christ", a protestant religious institution. She also realizes beautiful sewing… More from Celia's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Sep 27, 2012
- Nov 4, 2012
- Currency Exchange Loss:
- Feb 15, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.