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Update on Vicentina

Vicentina keeps on being a member of the Communal Bank “Luz del Sur” (Southern Light), and things are going very well for her because she punctually repays her dues. She keeps on working as a stylist and running her small beauty salon; she pays rent for the locale where she works and things are going very well. She has been engaged in this activity for many years already and things are going well. In this occasion Vicentina is requesting a loan to buy working tools such as shampoos, conditioners and other supplies. She is grateful for the loan and she commits to complying with the repayment of her dues according to the repayment schedule.
View original language description ↓
La socia Vicentina sigue participando en el banco comunal “Luz del Sur” y le va muy bien gracias a los pagos puntuales de sus cuotas, ella sigue trabajando como estilista y tiene un pequeño salón de belleza pero el local donde trabaja es alquilado y le va muy bien. Ya son varios años que se dedica a este negocio pero todas manera le va muy bien. En esta oportunidad la socia Vicentina requiere el préstamo para comprar materiales de trabajo como champús, acondicionadores y otras cosas más. La socia agradece el préstamo y se compromete a cumplir con el pago de sus cuotas de acuerdo al cronograma de pagos.

Previous Loan Details

Vicentina is one of 12 members of the village bank “Luz del Sur”, located in the Andean highlands of Cusco. Vicentina is 35 years old and lives with a partner and her two daughters who are 2.5 and 13 years old. Vicentina runs a beauty salon where she offers all types of services such as hair and... More from Vicentina'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
  • 44
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Vicentina to buy shampoos, conditioners and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 15, 2012
Jul 23, 2012
Currency Exchange Loss:
Nov 15, 2012
This photo was used before for a previous loan for Vicentina. It was first posted on Kiva on Feb, 2012. Learn More