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Update on Consuelo

Señora Consuelo continues with her business of selling clothing and shoes by catalog for women, men, and children. She works hard to be able to save to buy land to build a house. She is requesting a loan to buy merchandise like shoes and clothing for the Christmas season. She is very thankful to Kiva for helping her sustain her business, which lets her save to meet her goal, which is to buy a piece of land. She belongs to the communal bank, "Gran Renovación," in the city of Cusco, Peru.
View original language description ↓
La socia es la señora Consuelo, ella continúa con su actividad de venta de ropa y zapatos por catalogo para damas caballeros y niños. Consuelo trabaja duro para poder ahorrar y comprar un terreno para construir una casa. Consuelo está solicitando el préstamo para comprar mercadería como zapatos y ropa para la próxima campaña navideña, y por ello está muy agradecida con la ayuda de KIVA, por ayudarla a mantener su actividad económica la cual le permite ahorrar para cumplir con su objetivo que es la de comprar un terreno. La socia pertenece al banco comunal “GRAN RENOVACION”; de la ciudad del Cusco – Perú.

Previous Loan Details

Sra. Consuelo, 54, belongs to the GRAN RENOVACION community bank in the Peruvian "departamento" of Cusco. She is partnered and has 4 children. She operates a clothing sales business. Among other things, she sells shoes, coats, sweaters and shirts, working as far afield as Brazil. She also w... More from Consuelo'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
  • 101
    View loans »
    Peru Loans Fundraising
  • $61,912,975
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Consuelo to buy shoes and clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 25, 2012
Oct 4, 2012
Currency Exchange Loss:
Feb 15, 2013
This photo was used before for a previous loan for Consuelo. It was first posted on Kiva on Jun, 2011. Learn More