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Gladis Melva

Update on Gladis Melva

Gladis belongs to the communal bank SAN RAFAEL. She continues with her hardware business. She sells nails, paint, tools, tubes and construction materials such as cement among others. She has spent years in this business which is going well, thanks to the hard work she puts in everyday. Her business is located in her house. Gladis is a responsible and hard working person and being this way she gets her family ahead.

Gladis is requesting this loan to purchase merchandise for her business such as cement. She is very grateful for the loan granted and she promises to honour the established monthly payments.
View original language description ↓
La socia pertenece al banco comunal SAN RAFAEL, la socia continua con su negocio de ferreteria,la socia vende clavos,pinturas,herramientas,tubos y materiales de construccion como cemento entre otros,la socia lleva años en este su negocio el cual le va bien gracias al empeño que le pone cada dia,su negocio se encuentra ubicado en su casa,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca adelante a su familia.

La socia solicita el credito para la compra de mercaderia para su negocio como cemento.

La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Gladis was born in the city of Cusco, Peru. She is now 50 years old, a widow and has 2 children who are students that depend on her. Her main business activity is hardware: she sells items of hardware and everything relating to construction materials and accessories. She works everyday in her sho... More from Gladis Melva'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
  • 81
    View loans »
    Peru Loans Fundraising
  • $61,829,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Gladis Melva to buy hardware for her business such as cement.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Sep 21, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Gladis Melva. It was first posted on Kiva on Apr, 2012. Learn More