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Valentina

Update on Valentina

This member is Valentina, who belongs to the "Virgen Asunta de Calca" communal bank of the province of Calca del Cusco, Peru. Valentina still prepares and sells food in a stall located in the main market of her community. Valentina has a daughter who's studying medicine in Bolivia, and she works hard and makes sacrifices in order to pay for her education. That's why Valentina is requesting a loan so that she can pay for her daughter's studies. Valentina is very thankful to Kiva for helping her with her daughter's education.
View original language description ↓
La socia es la señora Valentina, ella pertenece al banco comunal “Virgen Asunta de Calca” de la provincia de Calca del Cusco – Perú. La señora Valentina continúa dedicandose a la preparación y venta de alimentos, los cuales comercializa en un puesto del mercado principal de su comunidad. Valentina tiene una hija que está estudiando medicina en la república de Bolivia y para pagar su educación es que la socia trabaja y se sacrifica; por ello Valentina está solicitando el préstamo para pagar los estudios de su hija, Valentina está muy agradecida con KIVA por ayudarla con la educación de su hija.

Previous Loan Details

The member continues to work in food sales. She sells roasted chicken, soups, and fish at the market. She works from 6:00 a.m. until 3:00 p.m. and she has spent the past five years in this business. The member, thanks to this business, wants to help out her children, and her dream is to have a... More from Valentina'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
  • 54
    View loans »
    Peru Loans Fundraising
  • $55,923,400
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Valentina to pay for her daughter's higher education costs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013