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Rina Elena

Update on Rina Elena

Rina Elena continues to sell arts and crafts. She makes sweaters, wallets, chuyos, and other things. She has been doing this for years and things have gone well thanks to the dedication she puts in each day. She sells her merchandise at different fairs in Cusco, is a responsible person, and gets her family ahead in this manner.

She will use the money from this loan to buy yarn, zippers, buttons, and other things for her business.

She is grateful for the loan and is committed to making her payments on time.
View original language description ↓
La socia Rina Elena continua dedicandose al negocio de venta de artesania,la socia elabora chompas,carteras chuyos entre otros,la socia lleva años en este negocio el cual leva bien gracias al empeño que le pone cada dia a su negocio,la socia vende su mercaderia en las diferentes ferias de la ciudad de Cusco,la socia es una persona responsable siendo de esta forma que la socia saca adelante a su familia.

La socia solicita el credito para la compra de lanas,cierres,botones entre otros para su negocio.
La socia se siente agradecida por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Reina Elena works selling crafts. She sells knitwear, sweaters and purses in various street markets in Cusco. She makes handicrafts; she knits sweaters and purses. She’s been in business five years and her dream is to have a locale where she can sell her crafts. She requests a loan to buy yar... More from Rina Elena'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

  • $12,000
    Average annual income
  • 127
    View loans »
    Peru Loans Fundraising
  • $58,863,350
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rina Elena to buy supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Feb 1, 2013
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Rina Elena. It was first posted on Kiva on Oct, 2012. Learn More