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Update on Mercedes

The member belongs to the communal bank COMUZONE I. She continues to run her hairdressing business. She has been doing this for years and it has been going well thanks to the effort that she puts into her business every day.

The member has a place where she offers her clients every type of cut, hairstyle, hair color, manicure, etc., depending on the distinct needs of the event, including weddings and birthdays for 15-year-olds (a celebration like "sweet 16"). The member is responsible and earnest, which helps her family get ahead.

The member is asking for the loan to buy dyes, shampoo and new scissors. She feels grateful for the loans bestowed on her and she is committed to paying them back.
View original language description ↓
La socia pertenece al banco comunal COMUZONE I ,la socia continua con su negocio de peluqueria,la socia lleva años en este su negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia cuenta con un local donde realiza todo tipo de cortes,peinados,teñido,manicure entre otros a sus clientes que le solicitan de acuerdo a los distintos compromisos que puedan tener como matrimonios,fiestas de 15 años entre otros,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 tintes,shampus y tijeras nuevas.
La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Mercedes is a cosmetologist, specializing in beauty services for events such as weddings, birthdays, and baptisms. She has her own shop, and she has been working in this trade for eight years. Mercedes is requesting a loan in order to purchase equipment such as blow dryers and straightening irons... More from Mercedes'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
  • 53
    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 $400 helped Mercedes to buy dyes, shampoo and new scissors.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Oct 3, 2012
Currency Exchange Loss:
Jan 15, 2013
This photo was used before for a previous loan for Mercedes. It was first posted on Kiva on Apr, 2012. Learn More