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Update on Carmen

Carmen is currently 40 years old and is a single mother with two children. She lives in the province of Urubamba. Carmen works by selling delicacies as a commercial activity to different stores and businesses in the community. Carmen has kept working in this activity so that she can get her family ahead and be able to educate her children.

Carmen is requesting a loan to buy merchandise such as candies, chocolates, cookies, and chewing gum, etc. in order to sell commercially. She is very grateful to Kiva for the help to grow her business. She promises to repay promptly.

Carmen belongs to the community bank “San Jose of Urubamba” of the providence of Urubamba in Cusco, Peru.
View original language description ↓
La socia es la señora Carmen, ahora tiene 40 años de edad, soltera con 2 hijos, vive en la provincia de Urubamba, la socia continua con su actividad comercial de comercialización de golosinas, las cuales distribuye en las diferentes tiendas y comercios de su comunidad. Carmen se ha mantenido trabajando en esta actividad la cual le ha permitido sacar adelante y poder educar a sus hijos, La socia solicita el préstamo para comprar mercadería como dulces, chocolates, galletas, chicles etc, y capitalizar su actividad, por ello la socia está muy agradecida con KIVA, por ayudarla a desarrollarse en su trabajo y se compromete a cumplir con el pago de sus cuotas puntualmente. Carmen pertenece al banco comunal “San Jose de Urubamba” de la provincia de Urubamba del Cusco – Perú.

Previous Loan Details

Carmen is a member of the Communal Bank “San José de Urubamba” which is located in the city of Urubamba. The members of this Communal Bank conduct their meetings every 30 days in the city of Urubamba in Urubamba Province, Department of Cusco. Carmen lives in the city of Urubamba, which is wh... More from Carmen'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
  • 87
    View loans »
    Peru Loans Fundraising
  • $63,759,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Carmen to buy candies, chocolates, cookies, and chewing gum.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 21, 2012
Sep 16, 2012
Currency Exchange Loss:
Feb 15, 2013
This photo was used before for a previous loan for Carmen. It was first posted on Kiva on Oct, 2011. Learn More