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Update on Elena

This is Elena. She belongs to the communal back “Luz del Sur” in the city of Cusco, Peru. Elena continues her main economic activity, which is the sale of various products such as clothing, footwear, gifts, etc. in a shop that she has in one of the principle markets of the city. Elena in this opportunity needs the loan to buy merchandise to capitalize her store since it is almost the Christmas season.

Elena is very thankful to Kiva for permitting her to strengthen her economic activity.
View original language description ↓
La socia es la señora Elena, ella pertenece al banco comunal “LUZ DEL SUR” de la ciudad del Cusco – Perú. La socia continúa con realizando su actividad económica principal que es el comercio de productos variados como ropa, calzados, regalos etc. en un bazar que ella tiene en uno de los principales mercados de la ciudad. Elena en esta oportunidad requiere el préstamo para comprar mercadería, para capitalizar su bazar ya que esta próxima la campaña navideña.
Elena está muy agradecida con KIVA por permitirle fortalecerse en su actividad económica.

Previous Loan Details

Elena is one of 12 members of the village bank “Luz del Sur”, located in the Andean highlands of Cusco. Elena is 44 years old and married with three children, ages 1.5, 10, and 19. Elena owns a small stand in the market where she sells clothing and accessories. Her shop offers styles for both c... More from Elena'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
  • 104
    View loans »
    Peru Loans Fundraising
  • $61,923,425
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Elena to buy shoes, clothing, and gifts in general for her shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 17, 2012
Oct 20, 2012
Currency Exchange Loss:
Mar 15, 2013