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Update on Karina

Karina belongs to the communal bank "Ahorro es progreso" ("Saving is progress") from the Saylla area of Cusco, Peru.

The member is working in a public institution, she has been in this work for a good amount of time and it is going well thanks to the effort that she puts in every day. The member is a responsible and hard working, which is how she gets ahead.

The member is asking for the loan to pay for her post graduate studies.

The member is grateful for the loan and is committed to fulfilling her payment schedule.
View original language description ↓
La socia es la señora Karina, ella pertenece al banco comunal “Ahorro es progreso” del distrito de Saylla de la ciudad del Cusco – Perú.

La socia continua trabajando en una institucion publica, la socia lleva buen tiempo en su trabajo el cual le va bien gracias al empeño que le pone cada dia a su trabajo,la socia es una persona responsable y empeñosa siendo de esta forma que la socia sale adelante.

La socia solicita el credito para pagar sus estudios de pos grado.

La socia se siente agradecida por el credito y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Karina belongs to the “Ahorro es Progreso” (Savings is Progress) communal bank in the city of Cusco, Perú’s Saylla district. She’s a single young woman working for a public institution. Karina wants to take a post-graduate course in the professional field she studied at university in order to s... More from Karina'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
  • 151
    View loans »
    Peru Loans Fundraising
  • $60,191,850
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Karina to pay for her post graduate studies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Mar 1, 2013
Currency Exchange Loss:
Aug 17, 2013
This photo was used before for a previous loan for Karina. It was first posted on Kiva on Aug, 2012. Learn More