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Update on Janet

This borrower is still working at her business selling furniture and mattresses. She is currently growing her business and now she needs a loan to invest in the purchase of furniture and mattresses in bulk. She will also buy fabric to distribute to her customers and also sell independently. She is asking for a loan to invest in the purchase of mattresses and furniture for resale.
View original language description ↓
La socia continua con su negocio de venta de muebles y colchones, la socia esta creciendo con su negocio y ahora requiere el prestamo para invertir en la compra de muebles y colchones al por mayor y comprara de la fabrica y lo repartira a sus clientes y otra parte ella lo vendera de forma independiente. La socia solicita el prestamo para invertir en la compra de colchones y muebles para la venta.

Previous Loan Details

Janet is 30 years old and lives in the city of Cusco, which is in the Department of Cusco, Peru. Her main business activity is selling furniture and mattresses. She has her own shop in the main plaza in the District of Santiago in Cusco. Janet has been in this business for four years and has d... More from Janet'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
  • 37
    View loans »
    Peru Loans Fundraising
  • $64,381,600
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Janet buy mattresses and furniture for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 20, 2012
Jan 28, 2012
Currency Exchange Loss:
Jun 15, 2012
This photo was used before for a previous loan for Janet. It was first posted on Kiva on Feb, 2011. Learn More