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Elizabeth

Update on Elizabeth

The Amistad Cusqueña communal bank meets every 30 days in the city of Cusco. (Cusco is a place that is known for being a tourist and commercial area. It is known for its traditional Inti Raymi celebration and for Machupicchu, one of the Seven Wonders of the World.)

Elizabeth was born in the city of Cusco. She is 30 years old, and she is mother and father to her two children. Her main business activity is selling clothes. However, she also provides calling services.

She now needs the loan to buy merchandise like polo style shirts. She is happy about the loan, and she pledges to make her payments punctually. She is grateful for the help that has been provided.
View original language description ↓
El Banco Comunal “Amistad Cusqueña” se reúne cada treinta en la ciudad del Cusco. (Cusco es lugar conocido por ser una zona muy turística, comercial, por su fiesta tradicional del Inti Raymi y porque se encuentra una de las siete maravillas del mundo “Machupicchu”)

La socia Elizabeth nació en la ciudad del Cusco, tiene 30 años de edad y es padre y madre para sus dos hijos. Su actividad económica principal es vender ropa pero también se dedica bridar servicio de llamadas. En esta oportunidad requiere el préstamo para comprar mercadería como polos. Se encuentra contenta por el préstamo pues se compromete a pagar sus cuotas puntualmente y agradece por la ayuda brindada.

Previous Loan Details

Elizabeth is 29 years old and has two children. She has been operating a call center for about two years. Locals can come to her store in order to make phone calls using Claro and Movistar networks. Every year, Elizabeth has to pay about 1,000 soles (PEN) to each network provider in order to guar... More from Elizabeth'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
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Elizabeth to buy merchandise like polo style shirts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Elizabeth. It was first posted on Kiva on May, 2012. Learn More