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Elsa

Update on Elsa

Elsa’s a member of the “Qorichuspas” communal bank in Cusco, Peru. She continues working in agriculture growing corn and also running her restaurant at the same time. On this occasion she’s requesting her loan to buy supplies and a grill for her restaurant that will make it possible for her to offer barbeque to her customers. She’s very grateful to KIVA for making it possible for her to develop and expand in this new economic activity which is her family’s main source of economic support.
View original language description ↓
Elsa es La socia que pertenece al banco comunal “QORICHUSPAS” de la ciudad del Cusco – Perú. Elsa continúa dedicándose a la agricultura en el cultivo de maíz y paralelamente lleva su negocio de restaurante. Elsa en esta oportunidad está solicitando su préstamo para comprar insumos y una parrilla para su restaurante, la cual le permitirá ofrecer barbacoas a sus clientes. Elsa está muy agradecida con KIVA por permitirle desarrollarse y expandirse en su nueva actividad económica, la cual representa el principal ingreso económico para el sustento de su familia.

Previous Loan Details

The member is a farmer who grows and sells corn at different markets. She also has a restaurant business and prepares breakfast, lunch and dinner. She works from 8:00 a.m. to 6:00 p.m. and has been able to provide for her children through her work. Her goal is to expand and improve both her fa... More from Elsa'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
  • 95
    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 $1,600 helped Elsa to buy a grill and supplies for her restaurant.
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