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Julia

Update on Julia

Julia is a member of the "Qorichuspas" communal bank of the town of Cusco, Peru. Julia is a versatile mother who still sells spare parts and general accessories for cars, a business she owns alongside her husband. However, aside from that she spends her time selling clothing in a small store and also by direct order from her customers. Julia is currently requesting a loan in order to purchase merchandise such as polo shirts, jackets, trousers, shirts, etc. so that she can stock up her business for the upcoming Christmas sales season. Julia is very thankful to Kiva for allowing her to make progress as a person and in her business. Her business means that she has another source of income and the opportunity to provide her children with education and better living conditions.
View original language description ↓
Julia es La socia que pertenece al banco comunal “QORICHUSPAS” de la ciudad del Cusco – Perú. Julia es una madre de familia multifacética que continúa dedicándose a la comercialización de autopartes y accesorios en general para automóviles, negocio que lleva junto a su esposo, pero además de esto aprovecha su tiempo para vender ropa en una pequeña tienda y a solicitud de sus clientes de forma directa. Julia en esta oportunidad está solicitando su préstamo para comprar mercadería como polos, casacas, pantalones, camisas etc. para capitalizar su actividad para la próxima campaña navideña. Julia está muy agradecida con KIVA por permitirle desarrollarse y desarrollarse en sus actividades económicas, las cuales representa un nuevo ingreso económico y la posibilidad de ofrecer una mejor calidad de vida y educación a sus hijos.

Previous Loan Details

This businesswoman belongs to the community bank “QORICHUSPA.” This bank is located in the district of Huanchac in the province and department of Cusco. Julia continues to engage in the sale of autoparts for cars. She travels to the city of Lima and Puno to buy her merchandise. She has her ... More from Julia'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
  • 99
    View loans »
    Peru Loans Fundraising
  • $55,006,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Julia to purchase polo shirts, jackets, trousers, shirts, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013