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Update on Nilda

The member is Señora Nilda; she continues with her job of selling beauty products like cosmetics and perfumes through a catalog, but now she also takes advantage of her customers by also selling shoes and clothing. Nilda works hard in order to maintain her customers, always innovating with new products, and for this reason she is requesting a loan to buy merchandise like perfume, cosmetics, shoes, and clothing for the next Christmas season. This is why she is very grateful for the help from Kiva, for helping her to strengthen and grow her business. The member belongs to the communal bank "Gran Renovacion" (Great Renovation) from the city of Cusco, Perú.
View original language description ↓
La socia es la señora Nilda, ella continúa con su actividad de venta de productos de belleza como cosméticos y perfumería por catálogo, pero ahora también aprovecha su clientela para vender también zapatos y ropa. Nilda trabaja duro para mantener a su clientela, innovando siempre con nuevos productos, por ello la socia está solicitando el préstamo para comprar mercadería como perfumería, cosméticos, zapatos y ropa para la próxima campaña navideña y por ello está muy agradecida con la ayuda de KIVA, por ayudarla a fortalecer y hacer crecer su actividad económica. La socia pertenece al banco comunal “GRAN RENOVACION”; de la ciudad del Cusco – Perú.

Previous Loan Details

The partner belongs to the communal bank "GRAN RENOVACION" [Great Renovation]. This bank is located in the district, province, and department of Cusco. The partner is Nilda. She is 56 years old, is married, and has two children. She alternates her daily activities with the business of selling ... More from Nilda'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
  • 50
    View loans »
    Peru Loans Fundraising
  • $64,458,325
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Nilda to buy perfume, cosmetics, 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 Nilda. It was first posted on Kiva on Jun, 2011. Learn More