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Hilaria Ursula

Update on Hilaria Ursula

Hilaria Úrsula is a member of the “HATAN RUMIYOC” communal bank. She still has her business selling crafts. She works independently, distributing her merchandise to the customers that order the most from her.

At the same time, she has also been knitting alpaca sweaters for her business and this is the way in which she raises her family. She is requesting the loan for the purchase of alpaca wool for her business.

She feels grateful for the loan being granted and she is committed to making the established payments.
View original language description ↓
La socia pertenece al banco comunal HATUN RUMIYOC,la socia continua con su negocio de venta de artesania,la socia trabaja de forma independiente distribuyendo su mercaderia a sus clientes que mas le solicitan,a la vez la socia tambien continua dedicandose a tejer chompas de alpaca para su negocio siendo de esta forma que la socia saca adelante a su familia.
La socia solicita el credito para la compra de lana de alpaca para su negocio.
La socia se siente agradecida por el credito otrgado y se compromete a cumplir con sus cuoast establecidas.

Previous Loan Details

Hilaria Úrsula, 51, is a member of the “HATAN RUMIYOC” communal bank located in Cusco district which belongs to Cusco province, Cusco department. She is a widow and has three children. She alternates her daily chores with a crafts business; she also knits sweaters to sell. She works independ... More from Hilaria Ursula'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
  • 121
    View loans »
    Peru Loans Fundraising
  • $56,814,000
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Hilaria Ursula to buy alpaca wool for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013