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Rosa

Update on Rosa

The member Rosa continues to sell back-packs, t-shirts and hats in various markets. She works from 8 am until 5 pm. She has been in this business for a number of years and the business is doing well. Her dream is to expand her business and sell sports clothing. Rosa is requesting a loan to purchase hats, back-packs and sweaters. She is grateful for the loan and promises to pay her installments on time.
View original language description ↓
La socia Rosa se sigue dedicando al negocio de venta de mochilas,camisetas y gorros la socia vende en las diferentes ferias,la socia trabaja desde las 8:00 a.m hasta las 5:00 p.m,la socia ya tiene varios años en este negocio y le va muy bien,el sueño de la socia es ampliar el negocio de venta de ropa deportiva.La socia solicita el credito para comprar gorros,mochilas y buzos.

La socia esta feliz con el credito otorgado y se compromete a cumplir los pagos.

Previous Loan Details

Rosa is married and has 3 children. She continues to sell backpacks and sporting gear at one of the city´s leading fairs. Rosa works hard to provide for her family and for her second son, who is getting ready to go to college, and to maintain her business, which is her family´s main source of… More from Rosa'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
  • 67
    View loans »
    Peru Loans Fundraising
  • $53,988,475
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Rosa to buy hats, back-packs and sweaters.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 2, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Rosa. It was first posted on Kiva on Oct, 2012. Learn More