Update on FelicitasFelicitas belongs to “Los Lideres” (The Leaders) communal bank in the city of Cusco - Peru.
The member is continuing with her furniture making business making shelves, beds, wardrobes, cupboards etc.
She has had this business for several years and it is going very well thanks to the effort that she puts in every day. She relies on her carpentry workshop where she makes the furniture. She hopes to be able to continue working in order to keep supporting her family.
She is requesting this loan to buy materials such as wood for her business.
She is very grateful to KIVA for allowing her to be able to continue earning money as it is the main economic income and support for her family.
La socia sigue con su negocio de elaboracion de muebles como estantes,camas,armarios,comodas entre otros,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia cuenta con su taller de carpinteria donde elabora sus muebles,la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia.
La socia solicita el credito para la compra de materiales como madera para su negocio.
La socia está muy agradecida con KIVA por permitirle continuar con su actividad económica la cual representa el principal ingreso económico y sustento de su familia.
Previous Loan DetailsFelicitas is a member of the “Los Lideres” (The Leaders) communal bank in the city of Cusco, Peru. She continues with her activity manufacturing home and office furniture in her carpentry shop. Like in previous occasions, Felicitas is requesting a loan to buy supplies like wood, paint, glue a... More from Felicitas's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Mar 12, 2013
- Apr 1, 2013
- Currency Exchange Loss:
- Aug 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.