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Hilda

Update on Hilda

Communal bank member Hilda continues working in her business of selling clothing and selling beauty products. She sells pants, blouses, and polo shirts. She has already been in this business for a number of years, and it is going very well for her. Her dream is to have a bazaar. She is applying for the loan to buy shoes, polo shirts, sweaters, and blouses.

She is happy about the loan and promises to make her payments.
View original language description ↓
La socia Hilda se sigue dedicando al negocio de venta de ropa y vanta de productos de belleza, la socia vende pantalones, blusas y polos, la socia ya tiene varios años en este negocio y le va muy bien, el sueño de la socia es tener un bazar. La socia solicita le crédito para comprar zapatos, polos, chompas, polos y blusas.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Hilda is a member of the community bank "DINAMICO." She is 64 years old, and a widow, with 4 children. She alternates her daily activities between her clothing sales business and her beauty products business. She works on foot, showing her products to the customers who ask her for them, such a... More from Hilda'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.

Tags

About Peru

  • $12,000
    Average annual income
  • 97
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hilda to buy shoes, polo shirts, sweaters, and blouses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2014
Listed
Jul 30, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Hilda. It was first posted on Kiva on Jun, 2012. Learn More