Update on AdelaidaThis member, Adelaida, belongs to the "Los Diamantes" ("Diamonds") communal bank based in the city of Cusco, Peru. She continues to run her business trading handicrafts, mainly silver jewelry. Adelaida sells her merchandise at major craft markets in the city, in particular the main tourist market.
Adelaida is applying for this loan to capitalize on her trade and buy merchandise for the upcoming holiday season, such as earrings, necklaces, bracelets, rings, and silver accessories.
Adelaida is very grateful to Kiva for the support and assistance she has received to keep her business going. Her work is the main source of income and livelihood for her family.
Adelaida esta solicitando el préstamo para capitalizar su comercio y comprar mercadería como aretes, collares, pulseras, anillos y accesorios de plata para la próxima campaña navideña.
Adelaida Está muy agradecida con KIVA por el apoyo que le proporciona y por ayudarla en el mantenimiento de su actividad, la cual representa el principal ingreso económico y sustento de su familia.
Previous Loan DetailsThe member belongs to Los Diamantes Communal Bank. The member, Adelaida, is 41 years old, has one son and is married. She alternates her daily activities with her business, selling jewelry. The member has spent years in this business which is doing well thanks to the effort she puts into it every… More from Adelaida'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
- Nov 19, 2012
- Nov 20, 2012
- Currency Exchange Loss:
- Apr 17, 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.