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Update on Vilma

Vilma continues belonging to the communal bank “Imasumac II” and continues buying and selling handicrafts. She has been in this business for several years and it is going very well, thanks to the effort that she puts into her work. Vilma works every day to obtain income to be able to get her family ahead. She is requesting the loan to buy merchandise for her business, such as sweaters and scarves made with alpaca wool. She feels grateful for the loan granted and commits to making her established loan payments.
View original language description ↓
Vilma sigue perteneciendo al banco comunal “Imasumac II”, ella continua dedicándose a la compra y venta de artesanía, ella lleva varios años en este su negocio y le va muy bien gracias al empeño que pone en su trabajo, ella trabaja todos los días para obtener ingresos económicos y poder así sacar adelante a su familia, ella solicita el préstamo para comprar mercadería para su negocio como por ejemplo chompas y chalinas de lana de alpaca, ella se siente agradecida por el préstamo otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Vilma is a member of the "Imasumac II" community bank which is located in Huanchac district, in Cusco province and department. Vilma is 28 years old, married, and has two children. She makes items from clay and also buys handicrafts which she sells. Vilma buys some of her handicrafts ready m... More from Vilma'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
  • 160
    View loans »
    Peru Loans Fundraising
  • $60,197,800
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Vilma to buy handcrafted merchandise, such as alpaca sweaters.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 11, 2012
Nov 5, 2012
Currency Exchange Loss:
Mar 15, 2013