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Soledad

Update on Soledad

Soledad belongs to the communal bank "LOS DIAMANTES" (The Diamonds) in the city of Cusco in Peru.

The member continues to work as an early years teacher. At the same time, she continues to make items of clothing such as woollen scarves, gloves, hats, jumpers etc. She distributes them directly and at the request of her customers.

Soledad has been doing this for many years and this is her main source of income and way of providing for her family.

Soledad requests this loan to buy materials such as sheep and alpaca wools, threads and accessories to make her items. She feels thankful to Kiva for helping her to maintain and strengthen her work.
View original language description ↓
La socia es Soledad, ella pertenece al banco comunal “LOS DIAMANTES” de la ciudad del Cusco – Perú. la socia continua dedicándose a la docencia de educación inicial, y paralelamente continua elaborando prendas de vestir, tejidas en lana como bufandas, guantes, gorros chompas etc. y los distribuye de forma directa y a solicitud de sus clientes. Soledad realiza estas actividades hace algunos años y estos le representa su principal ingreso económico y sustento de su familia, Soledad solicita el préstamo para comprar materiales como lanas de oveja, alpaca, hilos y accesorios para la elaboración de sus prendas. Soledad se siente agradecida con KIVA por ayudarla con el mantenimiento y fortalecimiento de su actividad.

Previous Loan Details

The member continues to make a living from knitting, she knits sweaters, scarves and trousers. The member sells her products independently taking them to the clients. The member also continues to work as a teacher of the initial level, the dream of the member is to have a small store where sh... More from Soledad'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
  • 98
    View loans »
    Peru Loans Fundraising
  • $56,037,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Soledad to buy materials such as sheep and alpaca wools, thread and accessories.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013