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Julia Josefina

Update on Julia Josefina

Julia continues in the “Los Solidarios” communal bank and making clay crafts like decorations, earrings and necklaces. She did very well with the previous loan and was able to earn good profits. On this occasion she needs the loan to do some home improvements. She’s going to paint the bedrooms so needs to buy paint. Her dream is to open a grocery store. She’s happy about the loan and commits to make her payments.
View original language description ↓
Julia continúa en el banco comunal “Los Solidarios” y en la elaboración de cerámica como: adornos, aretes y collares. Con el anterior préstamo le fue muy bien y pudo obtener buenos beneficios. En esta oportunidad requiere el préstamo para mantenimiento de la casa va pintar las habitaciones entonces va comprar pintura. Su sueño es abrir una tienda de abarrotes. Está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member works for a company where she does work with ceramics. She makes decorations, earrings, and necklaces. She works from 8:00 a.m. until 7:00 p.m. It is through this work that she gets her children ahead. Her dream is to improve her work. The member is requesting a loan for persona... More from Julia Josefina'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Peru

  • $12,000
    Average annual income
  • 85
    View loans »
    Peru Loans Fundraising
  • $58,982,775
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Julia Josefina to buy paint.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 22, 2012
Nov 5, 2012
Currency Exchange Loss:
Mar 15, 2013