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Update on Serafina

The borrower is Serafina. She belongs to the communal bank “Señor de los Temblores II” in the city of Cusco – Perú. She continues with her own auto body painting and repair business in her mechanics workshop. Serafina is asking for a loan to buy materials such as resins, acrylics, paints and a welder amongst other things for her workshop.

Serafina is very grateful to KIVA for allowing her to continue with her business so that she can provide her 4 children with a better life and education.
View original language description ↓
La socia es la señora Serafina, ella pertenece al banco comunal “Señor de los Temblores II” de la ciudad del Cusco – Perú. La socia continúa con su actividad económica familiar que es el servicio de planchado y pintura para vehículos motorizados en su taller mecánico. Serafina en esta oportunidad requiere el préstamo para comprar material como resinas acrílicas, pintura, soldadura entre otros para la producción de su taller.
Serafina está muy agradecida con KIVA por permitirle continuar en su actividad económica y con este trabajo brindarles una mejor vida y educación a sus 4 hijos.

Previous Loan Details

Serafina is 48 years old, married, and has four children. She and her husband have an auto body painting and repair shop. They need this loan for their business, so that they can buy materials. Serafina and her husband hope to be able to build their own home as the result of their work in th... More from Serafina'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
  • 36
    View loans »
    Peru Loans Fundraising
  • $64,488,800
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Serafina to buy materials such as resins, acrylics, paints and a welder.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 19, 2012
Nov 2, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Serafina. It was first posted on Kiva on Apr, 2012. Learn More