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Update on Danila

Señora Danila belongs to the "Los diamantes" (The Diamonds) communal bank in the city of Cusco, Perú. The member continues to make a living through arts and crafts work by making leather products like purses, wallets, bags, belts, etc. mainly for the tourist market in Cusco. As in previous opportunities, Danila is asking for the loan in order to buy material like leather, thread, and accessories for making her products. And for all of this, Danila is very grateful to Kiva for the support they provide her with and for helping her to uphold her work, which represents her main financial income and the sustenance of her family.
View original language description ↓
La socia es la señora Danila, ella pertenece al banco comunal “LOS DIAMANTES” de la ciudad del Cusco – Perú. La socia continúa dedicándose a la actividad artesanal, en la elaboración de elementos de cuero como monederos, carteras, bolsas, cinturones etc. Principalmente para el mercado turístico del Cusco. Danila en esta como en anteriores oportunidades está solicitando el préstamo para comprar material como cuero. Hilos y accesorios. para la elaboración de sus productos, y por todo ello, Danila está muy agradecida con KIVA por el apoyo que le proporciona y por ayudarla en el mantenimiento de su u actividad, la cual representa el principal ingreso económico y sustento de su familia.

Previous Loan Details

The lending club member continues with her business selling leather goods. She purses, wallets, bags, coin purses and wallets. She makes the products and later sells them in bulk to different stores where they sell leather goods. She works from 8am to 6pm. She has been doing this for seven years ... More from Danila'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
  • 120
    View loans »
    Peru Loans Fundraising
  • $60,151,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $150 helped Danila to buy leather, thread, and accessories for making her products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Nov 20, 2012
Currency Exchange Loss:
Apr 17, 2013