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Narciso

Update on Narciso

Narciso is an artisan who does embroidery work, primarily for religious articles. Narciso had a previous loan and to continue his work, he is looking for a new loan to buy trimmings like thread, lace, colored thread and accessories. Narciso thanks a KIVA for allowing him to continue working and developing his business.

Narciso belongs to the village bank "Los Lideras" (The Leaders) in the city of Cusco in Peru.
View original language description ↓
El socio es el señor Narciso, él continúa dedicándose a la artesanía, principalmente elaborando bordados para elementos de imaginería religiosa. Narciso como en anteriores oportunidades y para mantenerse en su actividad, está solicitando un préstamo para comprar materiales de pasamanería como telas, encajes, hilos de colores y accesorios. Narciso agradece a KIVA por permitirle seguir trabajando y desarrollándose en su actividad económica.
Narciso pertenece al banco “Los Lideres” de la ciudad del Cusco - Perú

Previous Loan Details

Our member's name is Narciso and he belongs to the communal bank "Los Lideres" in the city of Cusco - Perú. He earns a living in the craft business, mainly with embroidery and frilly elements. He has been in business several years, being able to support his family and give his children an educa... More from Narciso'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
  • 118
    View loans »
    Peru Loans Fundraising
  • $55,267,550
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Narciso buy fabrics, lace, colored threads and acessories.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013