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Update on Rosario

The member, Rosario, continues with her craft business, mainly jewelry items such as necklaces, bracelets, earrings, etc. On this occasion, Rosario is requesting a loan for business capital to buy silver jewelry and accessories that are in highest demand.

Rosario is very grateful for the KIVA help, which has strengthened her business, allowing her to give her family a better quality of life. The member belongs to the communal bank "KANCHARY" in Cusco, Perú.
View original language description ↓
La socia es la señora Rosario, ella continúa con su actividad económica de comercialización de artesanías, principalmente elementos de joyería como collares, pulseras, aretes etc.. Rosario en esta oportunidad está solicitando el préstamo para capitalizar su actividad y comprar las joyas y accesorios en plata que mas demanda tiene. Rosario está muy agradecida con la ayuda de KIVA, por ayudarla a fortalecer su actividad económica la cual le permite ofrecer una mejor calidad de vida a su familia. La socia pertenece al banco comunal “KANCHARY”; de la ciudad del Cusco – Perú.

Previous Loan Details

Rosario belongs to the “Kanchary" communal bank. The members live in the Cusco district, which is part of the province and department of Cusco. Rosario is 46, single, and has one son. In addition to her daily activities, she has a business selling jewellery and crafts. She sells necklaces, e... More from Rosario'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 $600 helped Rosario to buy silver jewelry and accessories.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 4, 2012
Currency Exchange Loss:
Feb 15, 2013
This photo was used before for a previous loan for Rosario. It was first posted on Kiva on Oct, 2011. Learn More