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Update on Josefina

Josefina continues working in a tourist restaurant. She also continues working in her business raising animals such as guinea pigs. She raises these animals and then sells them to her customers who request them. She has been in this business for years and it is doing well thanks to the effort that she puts in every day. This borrower is a cheerful and responsible person who has a great desire to continue making progress for the sake of her family.

The borrower is requesting a loan to buy more guineas pigs for her business.
View original language description ↓
La socia Josefina continua dedicandose a trabajar en un restaurante turistico , tambien continua con su negocio de crianza de animales menores como cuyes,la socia cria a estos animalitos para luego venderlos a sus clientes que le solicitan,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia su negocio,la socia es una persona alegre y responsable con muchas ganas de continuar adelante por su familia.
La socia solicita el credito para la compra de mas cuyes para su negocio.

Previous Loan Details

Josefina was born in Urubamba Province but lives in the town of Rumichaca Baja. This town is located in the District and Province of Urubamba, Department of Cusco, in Peru. Josefina is 36 years old, in a common-law relationship, and has two children. She engages in different types of busine... More from Josefina'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
  • 82
    View loans »
    Peru Loans Fundraising
  • $63,797,675
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Josefina to buy more guinea pigs for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 14, 2012
Jun 23, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Josefina. It was first posted on Kiva on Dec, 2011. Learn More